Financing urban infrastructure in India: an overview of policy lessons
By: Purohi, Mahesh C.
Material type:
ArticlePublisher: 2017Description: p.1-28.Subject(s): Urbanization - India | Urbanization
In:
NagarlokSummary: Development of urban infrastructure is vital for the economic growth of a country where urbanisation is growing at a high rate and concentrated in large cities. Given the current rate of growth of infrastructure, the deficit in infrastructure is not only large but growing. The trends in expenditure on infrastructure indicate that the overall spending is much lower than the desired level. Also, investing in urban infrastructure has been a public sector activity. Consequently the time is ripe to take care of the backlog in urban infrastructure. It is estimated that the requisite investment for urban infrastructure for the 20-year period is Rs. 39.2 lakh crore at 2009-10 prices. India has 4,143 Urban Local Bodies (ULBs). Their state of finances is very poor and suffers from vertical as well as horizontal imbalances. To take care of this, various new initiatives have been taken in recent years. These include: Smart City Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and National Heritage City Development and Augmentation Yojana (HRIDAY). However, it is suggested that we should further use the new instruments such as Infrastructure Debt Fund and Tax-Free Bonds. We should also encourage Public-Private Partnership (PPP). We should consider setting up a national local body financing authority (NLBFA) at the national level and a state local body financing authority (SLBFA) at the state level. - Reproduced.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | Volume no: 49, Issue no: 1-2 | Available | AR115342 |
Development of urban infrastructure is vital for the economic growth of a country where urbanisation is growing at a high rate and concentrated in large cities. Given the current rate of growth of infrastructure, the deficit in infrastructure is not only large but growing. The trends in expenditure on infrastructure indicate that the overall spending is much lower than the desired level. Also, investing in urban infrastructure has been a public sector activity. Consequently the time is ripe to take care of the backlog in urban infrastructure. It is estimated that the requisite investment for urban infrastructure for the 20-year period is Rs. 39.2 lakh crore at 2009-10 prices. India has 4,143 Urban Local Bodies (ULBs). Their state of finances is very poor and suffers from vertical as well as horizontal imbalances. To take care of this, various new initiatives have been taken in recent years. These include: Smart City Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and National Heritage City Development and Augmentation Yojana (HRIDAY). However, it is suggested that we should further use the new instruments such as Infrastructure Debt Fund and Tax-Free Bonds. We should also encourage Public-Private Partnership (PPP). We should consider setting up a national local body financing authority (NLBFA) at the national level and a state local body financing authority (SLBFA) at the state level. - Reproduced.
There are no comments for this item.