India’s urban awakening: Building inclusive cities, sustaining economic growth
The introduction to this document says that MGI conducted a 21 month study to understand India’s urbanization, to identify what was holding back India’s cities and what policy changes could transform the situation on the ground.
The report makes recommendations which it says have the potential to add 1 to 1.5 percent to national annual GDP. For this, it says that 5 dimensions are important – funding,
governance, planning, sectoral policies and shape (distribution of urban population).
It suggests that the funds for infrastructure development can come from monetizing land, higher property taxes and user charges, debt and PPP, and formula-based government funding.
(The McKinsey Global Institute, established in 1990, is McKinsey & Company’s business and economics research arm.)