The country’s cities are expanding explosively. A new report from the McKinsey Global Institute considers how policy makers might respond.
India’s cities are expanding on a larger scale and at a faster pace than ever before. To date, though, the country has avoided dealing with the hard questions about how best to manage its massive urbanization. The policy vacuum may lead to worsening urban decay, poor quality of life for citizens, and a reluctance among investors to commit funds to projects in India’s urban centers.
A new report from the McKinsey Global Institute (MGI)—India’s urban awakening: Building inclusive cities, sustaining economic growth—finds that a lack of effective policies to manage urbanization could jeopardize India’s GDP growth rate.
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