Q. Consider the following statements:
- A report titled "Financing India's Infrastructure Needs: Commercial Financing Constraints and Policy Action Prospects," has been released by NITI Aayog.
- As per the report, 40% of India's population live in cities.
Which of the statements given above is/are correct?
Answer:
Neither 1 nor 2
Notes:
- A report titled "Financing India's Infrastructure Needs: Commercial Financing Constraints and Policy Action Prospects," has been recently released by WB.
- As per the report, by 2036, 600 million people or 40% of India's population, would be living in cities, putting further strain on the country's already overburdened urban infrastructure.
- To adequately address the needs of its rapidly growing urban population, India would need to invest $840 billion in urban infrastructure over the next 15 years - an average of $55 billion per year.