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ngnnght their ipor tarnc(ii) Describe the role of roads in the economic development of India.Proiect |
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Answer» The transportation cost is influencing factor on consumer cost for commodities. Reduced transport cost might save resources which results more production. As well as, the cheap commuting cost might give access to better jobs. With the rapid development of Indian economy in the recent decades, the share of services sector in the GDP has steadily increased from about 38 percent in 1980-81 to about 55 % in 2006-07.14 Within the services sector, the road transport sector is one of the rapidly growing sub-sectors, its share in GDP having gone up from 5.7 % in 1999-2000 to 6.4 percent in 2004-05.A significant fact is that in this growth, the road transport segment alone accounts for the entire incremental share, the other segments like railways, air and water transport segments having just maintained their relative contributions. |
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