Synopsis
GoI’s missions focus on building capacity among urban local bodies (ULBs), while leveraging new technologies and creating market finance accessibility for our cities. AMRUT has consolidated the emerging potential for development presented by the success of other missions under GoI.
From 2004 to 2014, the total expenditure on urban development was about Rs 1.57 lakh crore. Over the past six years, this figure has been Rs 10.57 lakh crore. A 2010 McKinsey report (mck.co/3aat7wa) estimates that by 2030, 40% of India’s population (590 million Indians) is expected to live in cities. To cater to this growing urban population, India has to build 700-900 million sq m of urban space every year until 2030 — a new Chicago-sized space
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