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Question
Explain the following term briefly:
Regional development
Explain
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Solution
Regional development is the process of improving the economic, social, and infrastructural conditions of various regions in a country, particularly backward or underdeveloped areas, in order to promote sustainable and fair progress.
It aims at:
- Reducing regional disparities in income, employment, and living standards.
- Utilising local resources effectively for industrial, agricultural, and service sector growth.
- Ensuring balanced distribution of development benefits across rural and urban areas.
- Promoting inclusive growth so that backward and less-developed regions can catch up with advanced regions.
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Chapter 20: Regional Economic Development: Case Studies - EXAMINATION CORNER [Page 498]
