'DECENTRALISED' URBANISATION KEY TO GROWTH, SUSTAINABILITY & EQUITY
BW Businessworld|September 09, 2023
INDIA'S RAPID urbanisation presents a golden opportunity. Equally a monumental challenge. Urbanisation is a necessity, an irreversible process, a trigger to economic transformation. It catalyses social mobility. In developing economies, cities are growth fulcrums. Well planned, well governed sustainable cities are the key to societal progress and prosperity.
Vikas Singh
'DECENTRALISED' URBANISATION KEY TO GROWTH, SUSTAINABILITY & EQUITY

Growth, socioeconomic mobility embedded in urbanisation: Economic and demographic ascendancy of cities is coming under greater scrutiny. A Crux study of 18,000 citizens, and 60 economists, policymakers and city administrators across eight of the largest Indian cities provides a valuable insight, and underscores policy priorities. The impact of urbanisation on the economy and the accompanying challenges should be on the high table.

An insight from the study is that cities can generate 85 per cent of net new jobs and contribute to three-fourths of the GDP. They can stimulate a near twofold increase in per capita income during this decade. Urbanisation creates jobs, induces investment, and triggers a consumption boom. It spawns "true" discretionary spending.

A city is a powerhouse of productivity. It's a hub for dense and frequent interactions, compelling individuals to engage with one another. It enables interactions and fosters efficiency. Urbanisation facilitates and generates returns through a multiplier effect. It's a growth engine that catalyses economic development through agglomeration and has spill-over effects.

Policymakers must seize the moment, act decisively to create an urban infrastructure capable of supporting equitable access to urban life, employment, education, public amenities, and entertainment. Unfortunately, our track record has been less than promising. Most citizens are denied basic services.

The study highlights that if we continue with the current trend of 'poorly planned, sprawling and unconnected' pattern of urbanisation, it could impose an estimated cost of up to Rs 2 lakh crores by mid-century. As an example, a 10 per cent increase in a city's dispersion index could lead to about 0.8 per cent decrease in economic growth.

Denne historien er fra September 09, 2023-utgaven av BW Businessworld.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 09, 2023-utgaven av BW Businessworld.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BW BUSINESSWORLDSe alt
MEMORIES & IMPRESSIONS
BW Businessworld

MEMORIES & IMPRESSIONS

Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.

time-read
3 mins  |
October 19, 2024
The Robotaxi Market
BW Businessworld

The Robotaxi Market

The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.

time-read
1 min  |
October 19, 2024
And the Nobel Prize Goes to AI
BW Businessworld

And the Nobel Prize Goes to AI

The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.

time-read
1 min  |
October 19, 2024
Ola Electrified
BW Businessworld

Ola Electrified

Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.

time-read
1 min  |
October 19, 2024
Sharp Slide in Industrial Output on Eve of Deepavali
BW Businessworld

Sharp Slide in Industrial Output on Eve of Deepavali

India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.

time-read
1 min  |
October 19, 2024
Heralding the Solar Era with Sustainable Electrification
BW Businessworld

Heralding the Solar Era with Sustainable Electrification

RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more

time-read
2 mins  |
October 19, 2024
A WELL-GREASED MACHINE
BW Businessworld

A WELL-GREASED MACHINE

The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar

time-read
4 mins  |
October 19, 2024
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
BW Businessworld

DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH

For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh

time-read
7 mins  |
October 19, 2024
Disruption Ahead: Beyond Organisation Charts and Structures
BW Businessworld

Disruption Ahead: Beyond Organisation Charts and Structures

ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.

time-read
3 mins  |
October 19, 2024
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
BW Businessworld

Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment

We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.

time-read
2 mins  |
October 19, 2024