If the economy is an emerging one like India which is a laggard on the infrastructural front, the growth in the infrastructure industry gains all the more importance. High transaction costs arising from inadequate and inefficient enabling infrastructure can go a long way in stunting the growth rate of the economy.
The broad term of infrastructure can cover a wide range of infrastructural facilities from ports and road, rail, transport, aviation, water needs, mining and construction among other fields of operations. Better infrastructure can lead to faster enabling services.
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