The Government of India periodically updates its definition of infrastructure to facilitate better capital investment and financing access for critical sectors. This classification helps channel funds more effectively towards areas deemed vital for economic growth and development.
Let's examine each sector mentioned to see how it aligns with the government's classification for improved financing:
Warehousing has been explicitly classified as infrastructure by the Government of India. This is because efficient warehousing is crucial for the logistics and supply chain industry, supporting trade, reducing storage costs, and improving the flow of goods. Granting it infrastructure status allows it to access benefits like priority sector lending, long-term debt, and potentially tax incentives, thereby improving financing access.
While education is a vital sector for human capital development, it is not consistently classified under the core 'infrastructure' category solely for the purpose of financing access in the same way as physical infrastructure. Although specific educational projects or institutions might receive infrastructure-like benefits or funding schemes, the sector broadly isn't treated as infrastructure for general financing improvements.
The Apparel sector is primarily considered a manufacturing or industrial sector. While it's important for employment and exports, it doesn't fall under the typical definition of infrastructure used for improving financing access. Investment in this sector usually follows standard industrial financing norms.
The Retail sector encompasses the sale of goods directly to consumers. It is generally classified as a trade or service sector. Like the apparel sector, it does not typically receive infrastructure status for the purpose of enhanced financing access, although specific retail infrastructure projects might be considered.
Based on the government's classification aimed at improving financing access, the Warehousing sector stands out as having been designated as infrastructure. This recognition helps in attracting necessary investments for developing robust storage and logistics facilities across the country.
As per the Economic Survey 2020-21, India's real GDP growth is estimated to contract by ______ in financial year 2020-2021.
The Government of India has set a target of achieving how much solar power capacity by the year 2022?
Which of the following statements about the detailed corporate governance norms for listed companies issued in April 2014 by SEBI is/are correct?
1. It provides for stricter disclosures and protection of investor rights, including equitable treatment for minority and foreign shareholders
2. Under the new norms listed companies are required to provide the option of facility of e-voting to shareholders on all resolutions proposed to be passed at general meetings
Select the correct answer using the code given below.
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