India is experiencing rapid urbanization, with over 35% of its population now residing in cities—a figure projected to reach 40% by 2035. While urban growth drives economic development, it has also intensified ecological stress, reducing green cover and increasing vulnerabilities to climate change.
The story of urbanisation in the Global South – and particularly in India – is not one of industrial expansion or prosperity. It is a story of pauperisation. Cities today are swelling not because factories are hiring, but because the countryside is expelling. This new urbanisation is driven by desperation rather than development – by the push of agrarian collapse, not the pull of industrial promise.
Although GST rate rationalization was lauded, another low-hanging fruit that could come next is disinvestment.
The much-delayed Fourth Plenum of the Chinese Communist Party (CCP) Central Committee met in Beijing from October 20-23. Of the seven plenary sessions during a CCP congress, the fourth typically focuses on strengthening the party and governance. At this meeting, the formulation of the 15th Five-Year Plan for 2026–2030, personnel appointments and policy changes took precedence over other matters.
Transit-oriented Development can curb India's urban dysfunctions by integrating land use with transport, but fragmented governance, weak execution, and poor planning hinder its transformative potential.
It was excellent journalism on the part of Pranshu Verma and Ravi Nair to do the Washington Post story on the government having persuaded LIC to invest in Adani at a time when global investors were hesitant in the wake of an American case against Adani for having bribed officials in India and for having raised funds from American investors on false pretences. Kudos to the two, and to WaPo for publishing the story that Indian publications would have been reluctant to.
From the exploitative moneylender of iconic movies like Mother India to the factory owner who employs goons to beat up workers who dare to stand up against exploitation, the protagonist of business has tended to be portrayed, in the public discourse, as being deficient in ethics. Of late, a subspecies of the immoral tycoon has grownlarger than life: the crony capitalist.