CUET Preparation Today
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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Which of the following can be considered an advantage of a sound infrastructure in India? |
Increases the cost-effectiveness Attracts foreign investment in the country Increases growth prospect of the country All of the above |
All of the above |
Scalability, cost-effectiveness, geographical independence, and data security are the major benefits of a sound infrastructure of a country. It also attracts foreign investment in the economy moving toward the prosperity of the nation due to increased growth prospects of the country. |
