Citation:

Dr. Jyoti Kumari Sharma. "Inclusive Infrasturture - The various branches of inclusive growth facilitate to spread and reach of balanced regional development in India" International Research Journal of Economics and Management Studies, Vol. 3, No. 10, pp. 45-64, 2024.

Abstract:

Infrastructure is a core element of economic and social change concerning economic development that serves as a support system for all development activities of the economy. Thus, an important aspect necessary for all-round growth and development of the economy is the attainment of inclusive infrastructural development. This covers water, sanitation, waste management, transport, shelter, electricity and protection against human-made and/or natural hazards. We know that without infrastructural development, the economic growth and social development of the country is primitive. For this reason, Infrastructural development requires an effective implementation of economically viable long-term projects under soft infrastructure, hard infrastructure, and critical infrastructure. Further, when infrastructure Development is more inclusive, balanced regional development takes place more rapidly and grows progressively. Accordingly, an inclusive infrastructural development strategy increases the productivity of the country, with the development of regional connectivity, which leads to allround economic development and growth of the country. Thus, from the study-made in this paper, I look forward to demonstrating the fact that a master plan for infrastructure development should be drafted with the long-term strategic objectives of efficiency, competition, clustering, and cost-benefit analysis, following the objectives of both economic and social development. In this way, this paper explains the fact as to how Inclusive infrastructural growth can reduce regional imbalance and how poverty alleviation can be a resultant effect of such an impact on infrastructural growth.

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Keywords:

Inclusive Growth, Balanced Infrastructural Development, Regional Imbalance, Efficiency, Competition, Cost-Benefit Analysis, Social Development, Poverty Alleviation.