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Essay on Infrastructure Development : A Way for Economic Development

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We are providing many paragraphs, long essay in very simple language with the boundaries of different words here.  Here you can find Essay on Infrastructure Development : A Way for Economic Development in English language for students in 1000 words. In this article cover Topic : Introduction of infrastructure, Classification of infrastructure, Development of infrastructure through different models, Government of India's policy for the development of infrastructure, India's infrastructural development in the fields of agriculture, transport and industry and Importance of development of urban infrastructure.

To achieve excellence in development and development for any country, infrastructure is an important component. The role of infrastructure can never be reduced, because it contributes both directly and indirectly to the economy. India is growing rapidly in the world, where economic growth has declined; It provides very high potential for investment and development. The transition of the country depends on the basic structure of development from developing countries, as it supports the infrastructure, primary (agriculture), secondary (industry), tertiary (service) Regions The infrastructure can be classified as difficult and soft infrastructure. Hard infrastructure is also known as physical infrastructure, it is necessary for the functioning of any developing country. Infrastructure, infrastructure, social infrastructure, education sector, health sector, financial system, government infrastructure, law enforcement, emergency services, defense infrastructure, infrastructure, railway, roads, airports, harbors, electricity, irrigation, urban infrastructure Framework etc. are included. .

The main difference between the two types of infrastructure is that the former (hard infrastructure) contributes towards the 'development' of the country, while the latter (soft infrastructure) contributes towards the direction of 'development' of one country. For the overall development of any country there is a sufficient balance between the two. Although the tilt can be on the hard infrastructure because the results are solid but the role of soft infrastructure is also very important. Infrastructure can be developed on three models. These three models can be implemented for the development of infrastructure. The first model is government funded and managed infrastructure. Here, the private sector does not set up its feet because their profit viability is not so much. The other model is personal funded and managed infrastructure, but it is also available for public use. Here, the viability of profit is special, therefore the private sector is operating in this area. The third segment is a public-private partnership. Public-private ownership is a public-legal entity which is a business-legal relationship defined by the Government of India as a partnership between the public sector unit and the private sector unit, where 51 percent or more equity private institutions Is with. This is not a complex model where funding and management have agreed on the basis of agreement or contract. This model has come to define the development of infrastructure since 1991, when we opened our economy for liberalization, privatization and globalization. Here mostly private sectors know how and government funding allows the development of infrastructure. Keeping in mind the size and population of India, we call India India as a deprived country. At present, whenever India and the world are growing at a relatively slow pace, but to maintain economic growth, investment in infrastructure can hardly exaggerate. Due to the possibility of development in the area, FDI flow in the construction sector is increasing year after year.

In 2015, the Government of India has announced the target of Z-25 trillion investment in infrastructure during the three years in a three-year period, in which 27 industrial groups for road construction, railway and port connectivity projects and Jade for the development of additional Z 5 trillion 8 trillion will be included. Apart from this, India needs Jade 31 trillion for the development of infrastructure in the next five years, which has 70 percent power, roads and urban infrastructure. Indian economy is mainly dependent on agriculture. 55 percent of our population is included in agriculture, making the area the largest employer. This area requires permanent improvement in the irrigation infrastructure. Since India is dependent on monsoon and the irregularity of the monsoon has created stressful conditions in the last few years, this could lead to cases of farmer suicides.

Therefore, applying appropriate investment and timely will provide much relief in the area. Plans like quick irrigation benefit program, river linking projects will come a long way. In the 2016-17 budget, the government has allocated a large amount for irrigation infrastructure development. The Government announced that the existing schemes implemented by some scheme schemes like Krishnati Yojana, Soil Health Card Scheme, Paramparagate Agricultural Development Scheme etc.

Similarly, roads, railways, airports, harbors are very important infrastructure which are also in and out of business and commerce in the country. In the 2016 budget, the government has allocated Z. 2.18 lakh crore for road and rail in 2016-17. Projects such as Pradhan Mantri Gram Sadak Yojana, Delhi, Mumbai Freight Corridor etc. are a step in the right direction. Apart from this, sea ports are being upgraded by enhancing the mechanized handling and cargo handling capacity of the cargo. Apart from this, there will be a great deal of coastal shipping and trade in projects like Sea Mala. For promoting coastal cloey shipping, he has asked all 12 major ports to prioritize such vessels and facilitate the speed of the cargo, as a short duration 1.1) RI solutions are comprehensive for Sagarmala and As a step for integrated planning, the government will identify a potentially geographical area called coastal for a national perspective plan for the coastal region.

Economic sector Similarly, the government is diversifying the freight goods taken by the Railways. Since the road infrastructure is a major competitor for the Railways, the Railways are also exploring more opportunities in the outskirts. About 30% of total freight is for railways Another very important infrastructure is energy sector, today the total installed capacity of India is about 290 GW. India is diversifying its energy mix because green energy is the demand of today's world. Investments in solar projects, nuclear power, wind mills are taking high speed. The government has also opened FDI in these areas. Recently, the government had also launched UDY for financial changes of distribution companies. Through the UDA (Bright Discom Assurance Plan), the government will convert all the outstanding debt of dismodest into state bonds, which they can give at the later date. Government has also released schemes for rural electrification like Prime Minister Rural Electrification Scheme. Improvement in energy sector and infrastructure development is very important as it promotes growth in other areas such as agriculture, industry service sector. Urban infrastructure of any developed state has great importance

Due to fast book life in urban areas the infrastructure should be world-class. Many urban projects that actually change the face of the city, Delhi Metro, Yamuna Expressway, Bandra-Warli Sea Link, Maharashtra Bus Rapid Transport System, Indira Gandhi International Airport etc. He has troubled the people of the area with regular traffic. The government has also made efforts to improve the infrastructure of smart cities, housing for all etc. These schemes will create conditions for hassle free in urban areas. Two important infrastructure of urban areas is needed; solid waste management and drinking water supply. Solid waste management has become a major threat to urban areas like Delhi, Mumbai.

Government efforts are required in social infrastructure. Since these infrastructure are not very beneficial ventures, it is the duty of the government to fill these shortcomings in the form of a welfare state. However, private investment has started in the health and education sector. But due to the cost of private social infrastructure many people are beyond reach. The government should make concerted efforts to come up with more infrastructure projects and ensure execution at their time. Since the projects are often imposed by cost and time, as a result there is inconvenience to the beneficiaries and the tax payer's money gets reduced. Government machinery, such as special purpose vehicle and viability transfer funding, is relevant to infrastructure development.

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