The availability/supply of goods and services in the market place presupposes the existence of demand by the consumers. The fast paced growth in the Indian economy witnessed in the past decade has placed increasing stress on physical infrastructure, such as electricity, railways, roads, ports, airports, irrigation, urban and rural water supply and sanitation, all of which already suffered from a “marked” deficit.
The rapid urbanization has not only necessitated creation of new infrastructural facilities but also a need for upgrading the quality of existing infrastructure. Infrastructure development in new townships is a priority so as to redistribute the influx of growing population.