The importance of quality infrastructure and the development of an economy have an umbilical cord binding them and can never be seen in isolation. Broadly, infrastructure is the network of power, telecom, ports, airports, roads, civil aviation, railways, and transportation in a country and is the lifeline of the economy of a country.
Tag: Jyotheesh Kumar
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Impact of demonetisation on infrastructure
Land transportation was a cash-driven sector as it is a very fragmented and unorganised sector. Transition to a ĆĀ“plastic economyĆĀ“ would obviously remove hidden costs. This is a cultural change.
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GST will reduce the share of the unorganised sector in warehousing
The GST is a value-added tax that will replace all other indirect taxes in India. One purpose of the GST is to make taxes ĆĀ“destinationĆĀ“ based rather than origin based, or ĆĀ“efficiencyĆĀ“ based rather than ĆĀ“regulationĆĀ“ based.