Infrastructure - India Research
In keeping with the rapid growth in the Indian economy, the infrastructure industry has developed at a staggering rate in recent years. This is also necessary given the high rate of growth of the population, increasing urbanisation of the country and an urgent need to remodel certain outdated infras...
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In keeping with the rapid growth in the Indian economy, the infrastructure industry has developed at a staggering rate in recent years. This is also necessary given the high rate of growth of the population, increasing urbanisation of the country and an urgent need to remodel certain outdated infrastructural systems. The government has extended abundant support in the form of encouragement of more foreign direct investment in this sector, giving extended tax holidays and introduction of more public-private-partnerships (PPPs) to fund projects.
The broad categories of infrastructural development relate to areas such as roads, railways, airports, ports and shipping, telecommunication and power. India’s roads are congested and are unable to support the expanding population and fleet of automobiles. Many of them also require urgent repair and maintenance. The same infrastructural gap also exists in the railways which are operating beyond their capacity. The country’s ports and airports need to be expanded and developed if they are to match international standards. Telecommunication and power are two other areas which require massive investment for infrastructural development.
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Infrastructure - All India Research
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