‘Investment in infrastructure contributes to the economic development of a country.’
Justify the given statement with a valid argument.
Infrastructure development contributes to the economic development as:
1) Infrastructure is the support system of Modern Industrial Economy
It provides Roads, Ports, Airports, bridges and the energy required in industrial production
2) Infrastructure provides assistance in Agriculture
It helps in transporting seeds, pesticides, fertilizers as well as finished goods.
3) Improves Quality of Life
Good Sanitation and Education helps in improving quality of life of people
Also good communication facilities like internet, post and telegraph help people to contact with each other
4) Reduces Morbidity
Morbidity means proneness to fall ill
Clean Drinking Water and Good medical facilities help in preventing many diseases
As, Infrastructure contributes in the following ways by improving quality of lives and improving production economic development is automatically achieved