Business Standard

Building urban India

Municipal bonds can play an enabling role

bond market

Business Standard Editorial Comment Mumbai

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It is well accepted that urban India needs massive amounts of investment in infrastructure for providing basic amenities to citizens. The need for investment will only increase in the coming years as more people move to urban areas, leading to greater urbanisation. According to one estimate, 17 of the 20 fastest-growing cities in the world between 2019 and 2035 are expected to be in India. This is also a big opportunity. Increasing urbanisation can become a stable source of long-term economic growth. One of the major reasons for lower investment in urban areas is the extremely limited availability of resources

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First Published: Mar 27 2023 | 9:20 PM IST

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