The bulk of India’s economic output comes from the urban sector.
A few cities like Bengaluru, Hyderabad, Chennai, Mumbai, Pune, Ahmedabad and Delhi which fueled India’s growth momentum, are now wreathing under the strains of congestion diseconomies and poor public services resulting from lack of urban planning and management.
Prime cities, such as Bengaluru, Hyderabad, Chennai, Mumbai, Pune. Ahmedabad and Delhi, which played a role in fueling the country’s growth momentum are now buckling under the strain of congestion diseconomies and poor public services, a consequence of pathetic urban planning and management.
Such an environment cannot offer the so-called agglomeration economies which attract entrepreneurs and skilled professionals to locate economic activity in cities. How urbanisation unfolds for sustainable growth will also impact the fortunes of the rural sector.
Simply put, growth is not sustainable if urbanization is not fixed. What must India do if it is to achieve its status as the world’s most important economy by 2050? What must happen now to sustain India’s economic growth trajectory?
Dr Isher Judge Ahluwalia tackles this in her presentation at the Morningstar Investment Conference.
She is Chairperson of the Indian Council for Research on International Economic Relations (ICRIER), where she also leads the Research and Capacity Building Programme on Urbanisation in India. Dr Ahluwalia graduated from Presidency College, Calcutta University, did her Masters from the Delhi School of Economics, and Ph.D. in Economics from the Massachusetts Institute of Technology (MIT).
Do join us for the 7th Morningstar Investment Conference to be held in Mumbai on October 10-11, 2017.
Video: Conference participants discuss their experience in this video
Video: Panelists and Presenters on why they find the conference interesting
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List of Speakers at the Conference
