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LATEST NEWS UPDATES | Indian cities need $840 bn infra investment till 2036: World Bank

Indian cities need $840 bn infra investment till 2036: World Bank

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published Published on Nov 14, 2022   modified Modified on Nov 18, 2022

-Livemint.com

By 2036, 600 million people will be living in urban cities in India, representing 40% of the population and this is likely to put additional pressure on the already stretched urban infrastructure and services of Indian cities,

New Delhi: Indian cities will require an investment of $840 billion in the areas of infrastructure and municipal services till 2036 to meet the needs of its fast-growing urban population, said a report by World Bank.

Titled “Financing India’s Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action", the report underlines the urgent need to leverage more private and commercial investments to meet emerging financial gaps.

“India’s cities require an estimated capital investment of USD 840 billion in urban infrastructure and municipal services in the 15 years till 2036 (in 2020 prices), equivalent to 1.18% of estimated Gross Domestic Product (GDP) over this period," the report said.

It said that over half of these investment needs, nearly $450 billion would be required in basic municipal services (water supply, sewerage, municipal solid waste management, storm water drainage, urban roads and streetlighting), while the rest $300 billion would be needed for mass transit.

These needs are significantly higher than current levels of investment, the report said adding that total capital expenditure in urban infrastructure averaged only 0.6% of GDP in roughly the past decade (2011-18) or $26 in per capita terms which, while growing steadily in recent years, is still four times less than the per capita estimated needs.

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Livemint.com, 14 November, 2022, https://www.livemint.com/news/india/indian-cities-need-840-bn-infra-investment-till-2036-world-bank-11668409815905.html


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