Indian Cities Need $2.4 Trillion by 2050 for Climate and Urban Development

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Indian cities require $2.4 trillion by 2050 to fund climate resilience and low-carbon development initiatives. Urban infrastructure spending alone is projected at $840 billion over the next 15 years. However, municipal corporations currently face serious constraints in generating revenue and accessing capital markets. Experts stress that cities must transform into financially viable, investment-ready entities to attract the required funding. Achieving this financial capacity is seen as essential to realising India's Viksit Bharat 2047 development vision.

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