The Need For Infrastructural Development

Anjana Kurup
Feb 19, 2019   •  6 views

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.

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.

Infrastructure is the base on which all economic activities of the country depend. The government is spending thousands of crores of rupees every year to create this infrastructure where it does not exist or is not fully functional. It has also established adequate systems for their maintenance and upkeep so that it remains efficient and durable.