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India Needs $2.4 Trillion for Climate-Resilient Cities

India Needs $2.4 Trillion for Climate-Resilient Cities
India's cities need $2.4 trillion by 2050 to tackle climate change. They've raised just $476 million · CNBC TV 18

India needs a lot of money, about $2.4 trillion, to make its cities strong against climate change and low in carbon emissions by 2050.

So far, the cities have only raised a small amount, $476 million.

Cities are very important for India's economy, making up 60% of the GDP.

The government has plans and funds to help, like the Urban Challenge Fund and the Smart Cities Mission.

Experts say that to make India's cities better, they need good governance, smart planning, and more investment.

They also think smaller cities have a lot of potential and should be developed more.

Key facts

Estimated Investment Needed by 2050
$2.4 trillion
Current Funds Raised by Municipal Corporations
$476 million
Urban GDP Contribution
60%
Urban Population by 2036
600 million
Urban Population by 2050
877 million
Urban Challenge Fund
Rs 1 lakh crore
Smart Cities Mission Projects Completed
8,000 projects worth Rs 1.64 lakh crore
AMRUT Funds Committed
Rs 2.7 lakh crore
Houses Sanctioned under PMAY (Urban)
1.25 crore

Quotes

Raj Menda

Chairman of the FICCI Committee on Urban Development and Real Estate and Chairman of the Supervisory Board at RMZ

“India’s next phase of urban development must move beyond infrastructure creation to building economically competitive, investment‑ready cities. Strong governance, innovative financing and integrated planning will be critical to unlocking the full potential of our cities and accelerating India’s journey towards Viksit Bharat 2047.”
financialexpress.com

Sources

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