India spends less than 1% of GDP on urban affairs, says NaBFID’s Chief Economist Sujit Kumar скачать в хорошем качестве

India spends less than 1% of GDP on urban affairs, says NaBFID’s Chief Economist Sujit Kumar

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