How do infrastructure facilities boost production?
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Infrastructure facilities boost production in the following manner:
- Infrastructure provides supporting services in the main areas of industrial and agricultural production, domestic and foreign trade and commerce.
- Infrastructure facilities include roads, railways, ports, airports, dams, powerstations, oil and gas pipelines, telecommunication facilities, educational system, health system, monetary system etc. It is the support system on which depends the efficient working of a modern industrial economy.
- Modern agriculture largely depends on infrastructure for speedy and large scale transport of seeds, pesticides, fertilisers and the produce by making use of modern roadways, railways and shipping facilities.
- Infrastructure contributes to the economic development of a country both by increasing the productivity of the factors of production and improving the quality of life of its people.
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