Indian Cities Require $2.4 Trillion by 2050: Report
Sure! Here’s a rewritten version of the content: — Representative AI image NEW DELHI: A report by FICCI and EY estimates that Indian cities will need approximately $2.4 trillion by 2050 to achieve climate resilience and low-carbon status. So far, only 20 municipal corporations have tapped into the capital markets, collectively raising around $476 million. While urban areas account for over 60% of India’s GDP from about one-third of the population, municipal corporations generate revenues equivalent to merely 0.6% of the GDP, according to the report. India’s urban infrastructure needs are projected at about $840 billion over the next 15…