India spends less than 1% of GDP on urban affairs, says NaBFID’s Chief Economist Sujit Kumar
Автор: ETInfra
Загружено: 2025-10-29
Просмотров: 133
Описание:
While major infrastructure sectors such as roads, railways, airports, have seen massive policy and financial support in the last one decade, development of Indian cities now needs a well planned focus. Municipal Corporations, which are at the forefront of urban development, have their own set of challenges of which revenue generation is a primary one.
In an interview to ET Infra, Sujit Kumar, Chief Economist at National Bank for Financing Infrastructure and Development (NaBFID), highlighted that Infrastructure Investment Trusts (InvITs) instrument, successful in the road sector, can also be a promising method for fund generation by the country’s municipal corporations. Urban local bodies must move beyond property taxes to include new tax bases and user-pay models for amenities and services, similar to successful toll roadways, he says.
#nabfid #municipalcorporations #urbandevelopment #financing #infrastructure #invit #india #citydevelopment
00:00 - Introduction
01:10 - Less than 1% GDP spend on urban affairs
04:18 - Paying for urban services
06:52 - Municipal Bonds success
09:00 - Central govt scheme for ULBs
10:52 - Addressing revenue leakage
13:40 - InvITs for ULBs a promising idea
15:55 - Optimum pricing of urban services
18:39 - US tariff impact can be transitory
21:16 - Alternative markets for exporters
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