Practicing Success
The Indian economy's main driver is the infrastructure industry. The government places a strong emphasis on this sector because it is crucial for India's overall growth. Power, bridges, dams, highways, and urban infrastructure development are all included in the infrastructure industry. In other words, the infrastructure sector propels the development of related industries including townships, housing, built-up infrastructure, and construction development projects, acting as a catalyst for India's economic growth.
Infrastructure development is essential if India is to achieve its goal of having a $5 trillion economy by 2025. In order to boost the growth of the infrastructure industry, the government has introduced the National Infrastructure Pipeline (NIP), along with other programs like "Made in India" and the production-linked incentives (PLI) program. Historically, funding for transportation, energy, water, and irrigation has accounted for more than 80% of the nation's infrastructure spending.
Some of the recent government initiatives and investments in the Infrastructure sector are as follows:
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According to you, which of the following statements is correct with regard to infrastructure?
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A, B, and C A, B, and D B, C, and D A, C, and D |
A, B, and D |
While some infrastructure projects directly influence the production of goods and services, others help the economy indirectly by constructing social sectors like education, health, etc. |