Flashcards on Indian Economy: Infrastructure and Industries
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What is infrastructure?
Infrastructure refers to the basic physical systems and structures needed for the operation of a society or enterprise.
Name two types of infrastructure in India.
Transportation and communication infrastructure are two types prominent in India.
What are industries?
Industries are economic activities that involve the production of goods or the provision of services.
Name two key industries in India.
Information technology and manufacturing are two key industries in India.
What is the importance of infrastructure in the economy?
Infrastructure plays a vital role in the economic development of a country by facilitating trade, improving productivity, and attracting investments.
What are the sectors of the Indian economy?
The sectors of the Indian economy include agriculture, industry, and services.
Name two industries in the service sector in India.
Hospitality and banking are two industries in the service sector in India.
What is the role of industries in the Indian economy?
Industries contribute to the GDP, employment, and overall growth of the Indian economy.
What are the challenges faced by the Indian infrastructure sector?
Challenges faced by the Indian infrastructure sector include inadequate funding, poor maintenance, and lack of skilled workers.
What are the measures taken by the Indian government to promote infrastructure development?
The government has implemented initiatives like the National Infrastructure Pipeline and Public-Private Partnership models to promote infrastructure development.
What are the factors influencing industrial growth in India?
Factors influencing industrial growth in India include government policies, technological advancements, and availability of skilled labor.
What is the role of foreign direct investment (FDI) in Indian industries?
FDI plays a significant role in Indian industries by bringing in capital, technology, and promoting economic growth.
What is the Make in India initiative?
The Make in India initiative is a campaign launched by the Indian government to promote manufacturing and boost domestic and foreign investments in the country.
How does the infrastructure sector contribute to employment generation in India?
The infrastructure sector creates job opportunities across various segments like construction, transportation, and logistics.
What are the advantages of industrialization in India?
Advantages of industrialization in India include increased production, improved standard of living, and technological advancements.