Indian Economy

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The Transport Sector

Introduction

Transport virtually constitutes the nervous system of an economy, carrying raw materials to the production centres and moving out the finished goods to the markets, thus energizing every economic unit into activity, and perpetuating the flow of goods. It broadens the market, fosters optimum factor utilization, promotes greater division of labour and facilitates labour movement towards better and more gainful employment. It breaks geographical barriers and opens up new vistas, reserves and potentialities of production. Transport gives accessibility to remote region, provides them with vital links with centres of activity and direct beams of the new light of progress on backward areas. The development of an ...