“A nation’s infrastructure is crucial to its economic prosperity.” (125 Words) [UPPSC 2023]
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Role of Infrastructure in Economic Development
1. Economic Growth Foundation: Infrastructure is crucial for facilitating trade and investment. For instance, the National Infrastructure Pipeline (NIP) targets ₹111 lakh crore to enhance roads, railways, and ports, thereby boosting GDP.
2. Job Creation: Infrastructure projects generate significant employment opportunities. Recent initiatives like the PM Gati Shakti plan aim to create jobs in construction and related sectors, promoting skill development.
3. Connectivity Improvement: Enhanced infrastructure reduces transportation costs and time, facilitating smoother movement of goods and services. The Bharatmala Pariyojana focuses on developing highways to improve connectivity across regions.
4. Quality of Life: Infrastructure development in sanitation, healthcare, and education enhances living standards. The Swachh Bharat Mission has significantly improved public health and hygiene across the country.
In summary, investment in infrastructure is pivotal for sustainable economic growth and improving the overall quality of life.