Key Points
Since nearly 70 % of the urban infrastructure needed by 2047 is yet to be built, sizeable investments will be required..
By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 % of GDP per annum..
However, estimates suggest that between 2011 and 2018, the country's total capital expenditure on urban infrastructure averaged only 0.6 % of GDP, half the required quantum of investment...
Building human capital by improving access to health care and upgrading skills - with the private sector playing an important role - is a critical component of India's urban transformation agenda...
The World Bank stands ready to work with the Government of India, urban local bodies and citizens to fulfil their vision of livable cities for all...
