Today, about 30 per cent of populace of India lives in urban areas and by 2030 it is likely that the population may increase to 40 per cent. The cities in the country are lurching under a dire lack of infrastructure with quality in basic standards of living lack of water supply (required 150 liters/day but available is only 105 liters/day), while individually parks and open space required is 9 sq. m but available is 2.7 sq. m.
Overpopulation of urban areas in the country is expected to result in huge strain on infrastructures and unfavorably impact their economic growth. Today, in the country about one-fourth of slums account in the all urban housing, for an instance in Mumbai about 50 per cent of the population lives in slums and many have occupied in the heart of the city near employment centers, which is disparate compared to other cities in the developing countries. If these issues are not taken care at the earliest then the lack of quality housing is expected to mount and will be one of the chief barriers in the progress of the country’s economy in the 21st century.
A study reveals that the current step taking for investment in infrastructure will be unable to manage the urbanization. It is also observed that the annual capital infrastructure spent in India is $17, while it is $116 and $391 in China and United Kingdom respectively. In order to meet the engorging population by 2030, India has to increase annual capital infrastructure investment to $90 billion approximately to avoid any damages in the vigorous economic of urban areas in India.
Thus, to meet the country’s 2030 stance in urban areas economic growth, an appropriate city planning and authority that systematically considers housing, transport, infrastructure, and economic development should be considered.
Overpopulation of urban areas in the country is expected to result in huge strain on infrastructures and unfavorably impact their economic growth. Today, in the country about one-fourth of slums account in the all urban housing, for an instance in Mumbai about 50 per cent of the population lives in slums and many have occupied in the heart of the city near employment centers, which is disparate compared to other cities in the developing countries. If these issues are not taken care at the earliest then the lack of quality housing is expected to mount and will be one of the chief barriers in the progress of the country’s economy in the 21st century.
A study reveals that the current step taking for investment in infrastructure will be unable to manage the urbanization. It is also observed that the annual capital infrastructure spent in India is $17, while it is $116 and $391 in China and United Kingdom respectively. In order to meet the engorging population by 2030, India has to increase annual capital infrastructure investment to $90 billion approximately to avoid any damages in the vigorous economic of urban areas in India.
Thus, to meet the country’s 2030 stance in urban areas economic growth, an appropriate city planning and authority that systematically considers housing, transport, infrastructure, and economic development should be considered.
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