Category Centres

Addressing Housing Challenges in Indian Cities: Will the 2024 Interim Budget Bridge the Gap?

With rapid urbanization, the problem of housing shortages in Indian cities ~ especially for low income households ~ is expected to exacerbate. Based on 2011 census data, the Technical Group on Urban Housing Shortage, Ministry of Housing and Urban Affairs (MoHUA), estimated the urban housing shortage during 2012- 2017 at 18.78 million. The Indian Council for Research on International Economic Relations (ICRIER) Report of 2020 indicated an increase in urban housing shortages of 54 per cent amounting to 29 million in 2018.

Shifting Paradigms: India and the Gulf in the Last 10 Years

In recent decades, six countries of the Gulf Cooperation Council (GCC) Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE have emerged as pivotal in West Asia due to their huge sovereign wealth and Petro dollars, reformist policies and fast-moving diversification of their economies and interests beyond the hydrocarbons and regional heft as they continue to play a much bigger role in the global scheme of things.

Navigating the Future: India’s Interim Budget 2024-25

The interim 2024-25 budget of the Union government of India presented on 1 February 2024 is a constructive step towards a Viksit Bharat by the end of Amrit Kaal in 2047.  The government’s vision for Viksit Bharat as stated by the finance minister in her Budget Speech is that of “Prosperous Bharat in harmony with nature, with modern infrastructure, and providing opportunities for all citizens and all regions to reach their potential."

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