Impact of Infrastructural developments on the economy of the country
The term infrastructure is used to denote the conditions which are available for economic development of a region. In other words infrastructure can be defined as the facilities to be provided by the state or central government or local administration for overall development of a region. The facilities include power generation, transportation, health, education, water and sanitation and other public utilities.
The investments made on infrastructural developments have a profound impact on the economy of the country. Some of the effects of investment made on infrastructure is given below.
• Investment on infrastructral facilities result in increased job opportunities for both skilled and unskilled and literate and illiterate people. Eg: Construction of new roads, bridges & canals provide employment to large number of poor people.
• The creation of better infrastructure in a region motivate entrepreneurs to establish their own industries, service centers, commercial establishments etc. This will open up job opportunities to a number of unemployed people in the region. The improvements in job opportunities will have positive effect on economy.
The term infrastructure is used to denote the conditions which are available for economic development of a region. In other words infrastructure can be defined as the facilities to be provided by the state or central government or local administration for overall development of a region. The facilities include power generation, transportation, health, education, water and sanitation and other public utilities.
The investments made on infrastructural developments have a profound impact on the economy of the country. Some of the effects of investment made on infrastructure is given below.
• Investment on infrastructral facilities result in increased job opportunities for both skilled and unskilled and literate and illiterate people. Eg: Construction of new roads, bridges & canals provide employment to large number of poor people.
• The creation of better infrastructure in a region motivate entrepreneurs to establish their own industries, service centers, commercial establishments etc. This will open up job opportunities to a number of unemployed people in the region. The improvements in job opportunities will have positive effect on economy.
