Infrastructure is that part of the capital stock of the economy which is necessary from the viewpoint of providing various kinds of services. In other words infrastructure means those activities, facilities and services which are helpful in the operation and development of other sectors for example, Roads, Rails and Buses offering transport services. Canals and dams facilitating irrigation, etc.
It is required for the development of the country. Infrastructure like electricity, transport and communication are important for the development of every country.
Lack of infrastructure facilities will create hurdles in the development of industries and agriculture sectors. As a result of it their rate of growth will come down. Therefore, in every underdeveloped country there is a need of availability of infrastructure in a sufficient quantity which will be helpful in acceleration of their development.
Infrastructure is required to increase production and decrease cost.
