Creating affordable urban capacity

How to tackle the massive urban explosion India is and likely to continue experiencing in the foreseeable future? Two comprehensive reports have put a figure to the huge resources required to create capacity to meet the needs expected by 2030. The urban infrastructure report initiated by the ministry of urban development says Rs 39 lakh crore (around half of current GDP); the McKinsey Global Institute’s report, “India’s Urban Awakening”, says $1.2 trillion (Rs 60 lakh crore, around 80 per cent of current GDP).

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