International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Industrial Corridors in India: Catalyst for Economic Growth and Infrastructure Development

Author(s) BSVVS. Murthy
Country India
Abstract India's ambition to emerge as a worldwide economic superpower depends on infrastructural improvement and industrialization, with industrial corridors being crucial to this change. This study investigates the influence of significant industrial corridors—namely the Chennai, Bangalore-Chennai, Hyderabad-Bangalore, East Coast Economic, and Krishna-Godavari corridors—on industrial advancement, regional economic integration, and the formation of industrial clusters. This study utilizes a quantitative technique grounded in secondary data from sources, such as the NITI Aayog 2019 report, to examine the impact of these corridors on connectivity, job creation, and export enhancement. Research demonstrates that substantial infrastructure expenditures have created over 200,000 employment and increased exports by 15% in related areas from 2017 to 2023. The creation of specialized industrial clusters, especially inside the East Coast Economic Corridor, illustrates the corridor's function in promoting inter-industry collaboration and improving competitiveness. The research highlights the importance of smart city development under the National Industrial Corridor Program, fostering sustainable urban growth in conjunction with industrial progress. The report demonstrates how industrial corridors are transforming India's economic environment by promoting industrialization, generating employment, and improving global competitiveness.
Keywords Industrial Corridors, India, Economic Development, Infrastructure, Job Creation, Industrial Clusters, Export Capacity
Field Sociology > Administration / Law / Management
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-18
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.37077
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