Department of Economics, Avinashilingam Institute of Home Science and Higher Education for Women, Coimbatore, Tamilnadu.
Online published on 27 December, 2011.
Economic growth in a country largely depends on the standards of its social infrastructure. Shelter is the basic human requirement that needs to be met on priority basis. While it may be difficult to prove, there are impressionistic links between improvements in housing and increased productivity, health, and other measures of well being. Food, clothing and housing are required in that order for fulfilling the aspirations of the people. The demand for housing increases due to growth of population, rapid pace of industrialization and urbanization. Rapid urbanization with economic growth has generated corresponding increase in housing demand. Housing problem in India is very chronic, particularly among the low income and such other marginalized groups who are beyond the reach of the formal institutional agencies for housing finance. Housing is considered as analogous to social over heads and is basic for economic development and it's comparable to economic overheads. Social overheads may not show visible economic results but they are complementary and competitive in affecting income generation with varying simultaneously, with other economic investment expenditure. Present paper attempt to trace out the housing shortages and its impact on infrastructural development in India.
