Nearly 50% of Indian population lives in the cities, for they are hub of opportunities and significant in country's development trajectory. Yet, the urban landscape remains a blank spot in our political discourse.
In the last three days, wealth redistribution has become a hot electoral issue. It’s being said that the ‘big bad State’ will snatch the properties from everyone and, in Robin Hood style, be distributed to outsiders.
What India wants is development that is sustainable and has nature & humanity at its core.
INDIA aspires to become a high-income, developed country (Viksit Bharat) by 2047. In pursuance of this comprehensive vision plan, the economy needs to wield phenomenal power to ratchet up the GDP growth rate and climb the commanding heights in 23 years from the current nominal GDP of $3.73 trillion to a whopping $30 trillion.
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.
India’s cities and towns are starting to crumble under the weight of the unjust recommendations by previous finance commissions. Will the XVI finance commission be sensitive towards city governments?
Initiated in 1970, the FMR experienced a resurgence in 2016, finding a place within the broader Act East Policy of New Delhi.
There are two aspects of unions and their work that employers in India would do well to focus on. Their role in bridging the wide gap between enterprise-level rationality and economy-wide rationality. On completing Indian society's stunted modernization, which depresses the quality of workforce.