The role of infrastructure factors in economic development is complex and indirect. The theories of economic development focus sufficient attention on this discussion. Hirschman's point of view was that enlarged availability of electric power and transportation facilities are essential preconditions for economic development practically everywhere and investments in essential overhead capital is advocated not because of its direct effect on final output, but because it permits, and in fact invites, direct productive activities to come in (Hirschman, 1958). In his theory of ‘Stages of Growth’, Rostow held similar views and considered social overhead capital, especially in transport and communication as one of the main pre-conditions for take off (Rostow, 1960). The role of social overhead capital in accelerating economic growth and in enhancing public welfare is more pronounced in developing economies as the indivisibility in the social overhead capital has been identified as one of the main obstacles of the development of under-developed countries (Rosenstein-Rodan, 1943) This study was undertaken to find out relationship between Total Asset Management (TAM) and risk Management.
Total Asset Management, Risk Management, Nagpur and Infrastructure
