With 130-140 million Indians likely to move to cities in the next decade and an equal number in the one after that, the development of urban India represents the biggest challenge you can think of -- in the next two decades, India will have to create as many new cities as it created in the last several hundred years.
Alternately, the existing cities which are home to around 285 million people today will have to absorb nearly double the number of people they do today.
In the next few weeks, we're going to get two heavy-duty reports on various aspects of this -- one from McKinsey & Co and another from a government committee headed by Isher Ahluwalia.
While the Ahluwalia one is supposed to be more focused on the huge sums of money that will be required and the McKinsey one on the policy changes required, it's hard to separate one from the other -- so both reports are likely to have a fair amount of overlapping.
Whatever the amount, it's safe to say you can almost immediately expect sharp increases in allocations for programmes like the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) -- while the Rs 50,000 crore (Rs 500 billion) allocated for 65 cities in 2005-06 has already been spent, another Rs 50,000 crore has been sanctioned.
More: http://business.rediff.com/slide-show/2010/apr/05/slide-show-1-india-moving-toward-urban-disaster.htm?invitekey=15f86cd01d11ae28483280d632763963
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