Which of the following option is the correct measure for India to become one of the biggest economies in the world?

Spend more on infrastructural development

Some economists have projected that India will become the third biggest economy in the world a few decades from now. For that to happen, India will have to boost its infrastructure investment. In any country, as the income rises, the composition of infrastructure requirements changes significantly.

For low-income countries, basic infrastructure services, like irrigation, transport and power, are more important. As economies mature and most of their basic consumption demands are met, the share of agriculture in the economy shrinks and more service-related infrastructure is required. This is why, the share of power and telecommunication infrastructure is greater in high-income countries. Thus, development of infrastructure and economic development go hand in hand.