India’s Urban Infrastructure: Financing, Needs, and Reality

General Studies Paper -1 Context: India’s urban infrastructure is at a critical juncture, facing numerous challenges as the country continues to urbanize rapidly. With the urban population expected to double from 400 million to 800 million over the next three decades, addressing these challenges is crucial for sustainable urban development. Current Financial Landscape of India’s Urban Infrastructure A recent World Bank report estimates that India aims to require approximately ₹70 lakh crore by 2036 to meet its urban infrastructure needs. Currently, the government invests around ₹3 lakh crore annually in urban infrastructure, which is just over one-fourth of the required....Read More