요약

India’s urban population of 410 million makes it the secondlargest

urban community in the world. Yet, the urbanization

ratio (32%) is still low. Overall, the provision of basic urban

services is poor. Total investments of at least $640.2 billion

are needed for urban infrastructure and services until

2031 to meet the needs of the growing urban population

and improve the standard of living of the existing urban

population. The funding gap is estimated at $80–110

billion.3

The new administration, in office since May 2014, has

announced a number of urban development policies and

initiatives in quick succession. This report addresses the

issue of how India can unlock the full potential of urban

regeneration and development to enable inclusive growth

with the participation of the world’s leading private sector

organizations.

India aims to achieve “Faster, More Inclusive and

Sustainable Growth”.4 Achieving inclusiveness involves

addressing poverty reduction, group equality, regional

balance, inequality and empowerment. To achieve these

objectives, however, the country needs to address several

challenges: India currently ranks 71 out of 144 countries in

the Global Competitiveness Index (GCI) 2014-2015, below

its BRIC (Brazil, Russia, India, and China) peers, and scores

worst among the BRIC countries in technological readiness

(2.7 out of 7.0), innovation (3.5) and infrastructure (3.6). Two

recent surveys conducted by the Forum among business

leaders and international investors revealed that both

groups consider funding and financing, as well as policy and

regulation, as main obstacles to investing in India.

The Government of India has sought to foster urban

development by introducing legislation such as the Right to

Fair Compensation and Transparency in Land Acquisition,

Rehabilitation and Resettlement Act and through various

initiatives, such as the creation of five industrial corridors

and, more recently, the launching of the Make in India

programme and the 100 Smart Cities programme.

The FUDS Initiative provides three strategic

recommendations for the Government of India to advance

the debate around the newly announced policies and

initiatives on urban development