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Financing Indian Cities Financing Indian Cities

Financing Indian cities

Indian cities are fund-starved and unprepared to handle the stresses of rapid urbanisation in the country. Urban local bodies and municipal corporations, particularly in tier-2 and tier-3 cities, do not have the necessary autonomy or capacity to raise revenue. In this article, Nandan Sharalaya discusses options available to the government for financing cities, above and beyond the traditional model of public-private partnerships.