Without it there is no progress; but with its right support you can achieve whatever you wish to build upon. However, infrastructure is expensive and eats away much of your ‘capital’.
A country progresses with its investment – and maintenance – of its infrastructure. A political party thrives with its colourful propaganda of their infrastructure plans like NREGA or JNNURM or lately ‘the smart city’ or Swaach Bharat. Huge amount of public money is pumped into these infrastructure schemes. But there are different interpretations about their implementation processes and finally their successes. The NREGA scheme for example is interpreted by many as something which has destroyed the labour force by granting ‘free’ money for no work; while others interpret it as the only scheme for the poor which guarantees some employment in this vast ocean of unemployed masses in the country.
This story is from the September 1-15, 2019 edition of BUSINESS ECONOMICS.
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This story is from the September 1-15, 2019 edition of BUSINESS ECONOMICS.
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