Cities in India need ₹11.5 trillion, but few can borrow it
Harsh Kumar is a policy reporter at Mint (HT Media Group), where he covers the Ministry of Commerce and Industry along with key departments of the Ministry of Finance, including the Department of Economic Affairs (DEA) and the Department of…
Harsh Kumar is a policy reporter at Mint (HT Media Group), where he covers the Ministry of Commerce and Industry along with key departments of the Ministry of Finance, including the Department of Economic Affairs (DEA) and the Department of Financial Services (DFS).
What happened
Stay updated with the latest Trending, India, World and US news. HomeNewsIndiaOnly 223 urban local bodies have ratings, limiting access to municipal credit.
The bottom line
Taken together, the developments around cities in India need ₹11.5 trillion, but few can borrow it point to a situation that is still moving, and the coming days should bring more clarity.
