Question

"In the past few decades, Indian economy has been fairly benefitted by positive externalities created by rapid rise in infrastructure." 

Justify the given statement with valid arguments.

Answer 1

The benefits that one party obtains due to another party's actions are referred to as external benefits. The nation's gross domestic product never includes beneficial effects. It is accurate to state that the following positive externalities brought about by the infrastructure have fairly benefitted the Indian economy.

1. Better communication
2. Enhanced productivity
3. Increased investment and job creation
4. Social development
5. Attracts in foreign direct investment