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Asian Journal of Management
Year : 2018, Volume : 9, Issue : 3
First page : ( 1135) Last page : ( 1138)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2018.00182.8

The Status of Financing Urban Development and Major Schemes in India

Patil Kalakanagouda Po*, Gopalakrishna K

Research Scholar, Department of Economics, Vijayanagara Sri Krishnadevaraya University, Ballari

*Corresponding Author E-mail:

Online published on 30 January, 2019.

Abstract

India's 31% of current population lives in urban areas contributing to 63% of India's GDP (Census 2011) and with increasing urbanization, urban areas are expected to house 40% of India's population and contribute to 75% of India's GDP by 2030. India's urban growth is largely concentrated in large cities with a population of 100, 000 or more, the number of cities with a population exceeding 1 million has increased from 35 in 2001 to 53 in 2011, accounting for 43% of India's urban population, and is expected to be 87 by 2030. With an aim to improve the quality of life and attract investments to the City, setting in motion a virtuous cycle of growth and development, the government of India has launched various urban development schemes. The paper analyzed some of important urban development schemes and need of the urban development in India.

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Keywords

Democracy, municipalities, Retrofitting.

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