Ashi SharmaAIR 12 · CSE 2024 · 176 wordsTheir whole copy
Opening
There are varying degrees of economic progress across states in India, economic corridor not only help decrease this disparity but also boost development.
Body
Role
Regional Economic Integration
- Improved access to new markets
- decrease logistics cost eg In India It is around 15% of GDP
- facilitate ease of doing business
- enable cluster based economic integration
- boost inter-state trade
Development
- add critical physical infrastructure → roads, waterways, airports, rail etc.
- have a multiplier effect on economy
- provide local employment
- boost local economy
Chennai Bangalore industrial corridor
Made under the National Manufacturing policy
Connects 2 major industrial hubs @ Chennai Bangalore
economic opportunities in terms of employment, investment etc
contributes towards achieving $ 5tr economy goal
boosts export potential of goods & services achieve goal of $ 2tr exports (New Foreign Policy 2023)
provides employment to tap demographic dividend
enables catalysing knowledge based economy
provides world class infrastructure
Close
Economic corridors can help us achieve our ambitious goal of Viksit Bharat by 2047