Most of this expenditure is to be directed towards urban clusters, driving significant activity in infrastructure-led urban development.
Projects under consideration include second airports, intercity metro connectivity, aerocites, highways (including quick transit freeways), high-speed rail corridors, IT + ITES zones, large data center concentration zones, among others.
All these clearly indicate that India is witnessing rapid infrastructure development driven by nodal authorities, which, in turn, is fuelling the growth of satellite townships across the country.
Describing infrastructure and mega projects as key enablers of India's urban expansion, a recent study by Colliers also suggests that India's urbanization is at a turning point, marked by a surge in rural-to-urban migration. This drives the expansion of existing urban nodes, towards areas along their peripheries. 40 per cent of India's population, equivalent to 60 crore people, is expected to reside in urban areas by 2030. And therefore, a growing need for quality urban infrastructure is anticipated in different parts of the country.
Esta historia es de la edición December 10, 2024 de The Statesman.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 10, 2024 de The Statesman.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Women Hockey Nationals: Assam Outclass Bihar 2-1
Assam edged out a 2-1 win over Bihar on the third day of Division B during the 15th Hockey India Senior Women National Championship here at the Tau Devi Lal Hockey Stadium.
CDS Gen Anil Chauhan embarks on official visit to Australia to strengthen defence ties
In a significant move towards bolstering defence cooperation between India and Australia, Chief of Defence Staff (CDS) General Anil Chauhan is scheduled to embark on a three-day official visit to Australia.
Market slips slightly
At close, Sensex was down 112.16 points or 0.15 percent at 73,085.94, and the Nifty was down 5.40 points or 0.02 percent at 22,119.30
Bank of India opens 111 new branches
Bank of India expands its network by opening 111 new branches, including six under Kolkata FGMO, increasing its total to 5,301.
Driver rams a car into crowd in Germany's Mannheim, leaving 2 dead and others injured
A driver rammed a car into a crowd Monday in the southwestern German city of Mannheim, killing two persons and injuring several others, police said as they asked the public to stay away from the downtown area and remain in their homes.
iLEAD and The Asiatic Society's historic cooperation
In a significant move towards preserving the historical and cultural heritage of India, The Asiatic Society, a renowned institution dedicated to historical and cultural research, has partnered with the Institute of Leadership, Entrepreneurship and Development (iLEAD).
HS girl examinee takes extreme step
A Higher Secondary examinee was found hanging inside her house in Bankura barely four hours ahead of the first day of examination today.
Navy's car rally on east coast flagged off from city
Indian Navy's Motor Car Rally Expedition on the East Coast was flagged off by Naval Officer-in-Charge (West Bengal) from INS Netaji Subhas, Kolkata on Monday.
South Korean Former President Park Calls for Unity Within Ruling Party Ahead of Yoon Impeachment Ruling
Former South Korean President Park Geun-hye called on Monday for the ruling People Power Party (PPP) to stay united and fulfill its responsibilities despite challenges from the Opposition-controlled political landscape.
Benign disengagement best for Pakistan
President Donald Trump's foreign policy actions and pronouncements have created geopolitical upheaval at an already unsettled time in the world.
