India inherited colonial economy at the time of her independence. Infrastructure at this stage was below the level from where effective growth could be carried out.
Thus Infrastructure bottlenecks both social and economic has been the cause of concern for economic development.
To achieve fast growth of economy, various factors are responsible, including Natural and Mineral resources, Capital, skill and technology, Liberal and Cooperative Government Policy and Infrastructure.
Except infrastructure, India is good with all other factors in India. Infrastructure for an industry includes transportation, raw-material, power, policies of government, services, resources etc. Due to lack of transportation, India’s primary as well as secondary sector suffers with loss of financial losses. Goods are not able to reach its destination in time. Agricultural Produces are not able to reach its market in time, which inhibits the agricultural growth.
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Further Power, electricity and fuels are other main setbacks- which disturbs the economic growth in India. India currently need about 1 lakh MW power extra than what it currently entails, otherwise this will continue haunting the overall development of entire economic structure of the country.