What Is Physical Infrastructure? The foundation for a nation's economic development is its physical infrastructure. It makes sure the economy runs smoothly. In contrast to social infrastructure, it has a direct impact on a country's production. Physical infrastructure is essential for a nation's economic development and includes, among other things, transportation, marketing, and power.
Any economy may flourish exponentially with the aid of physical infrastructure. As a result of this realisation, India invests almost 35% of its whole GDP on infrastructure development. Notably, rising urbanisation supports the need for a developed infrastructure. Foreign investment is another factor driving significant investment in this area. Being a growing nation, India need a steady flow of foreign direct investment (FDI), which it cannot draw with a lacklustre infrastructure. The physical infrastructure will be thoroughly covered in this article, along with its significance for a rising nation like India:
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Describe the physical infrastructure. The facilities that directly support a nation's economy are referred to as its physical infrastructure. The electricity grid, motorways, banks, and mobile towers are a few examples of fundamental constructions that fall under this category. These institutions are the main engines of social and economic transformation in any community. These amenities help the social infrastructure function as well, and the two work together. The Central Government has initiated a number of programmes, such as the National Infrastructure Pipeline, in recognition of the need for excellent physical infrastructure (NIP). This programme will help the nation realise its goal of having a $5 trillion GDP by 2025. Under the NIP, India intends to spend over