IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

The Impact of Industrial Infrastructure Development on Economic Growth: In Maharashta

Main Article Content

Gaikwad Ramesh Jalba,

Abstract

Infrastructure development plays a pivotal role in shaping human activities and has a significant impact on various aspects of an economy. For instance, the construction of the Trans Java Toll Road has the potential to transform agricultural regions into hubs of non-agricultural activities, essentially promoting urbanization and stimulating economic growth. Similarly, the construction of bridges connecting islands in Indonesia can enhance economic integration between these regions and streamline inter-island trade and finance. the relationship between infrastructure development and economic outcomes is multifaceted. While some studies emphasize the positive influence of infrastructure on economic activities and regional prosperity, others suggest that its impact may be comparatively modest when contrasted with improvements in the industrial sector. It's essential to recognize that infrastructure development serves as the epicentre for fostering a wide range of activities, including socio-economic advancements and the overall well-being of communities. Infrastructure, by facilitating the smooth functioning of various activities, contributes significantly to a region's growth and prosperity.

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