To meet the needs of the growing urban population, India needs to increase its annual investment in city infrastructure from an average of $10.6 billion a year in the past decade to an average of $55 billion a year for the next 15 years, a World Bank report released Monday said.
The report, titled ‘Financing India’s Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action’, estimated that India would need $840 billion over the next 15 years.
“By 2036, 600 million people will be living in urban cities in India, representing 40% of the population. This is likely to put additional pressure on the already stretched urban infrastructure and services of Indian cities –
