‘Investment in infrastructure contributes ‘Investment in infrastructure contributes to the economic development of a country.

Question

‘Investment in infrastructure contributes to the economic development of a country.’ Justify the given statement with a valid argument.

Answer 1

The given statement is true; infrastructural development in an economy increases productivity, induces higher investment, facilitates employment, and generates more income. With the rise in income the quality of life of the people improves. Thus, conclusively we may say that infrastructure contributes to the economic development of a country.