Half of India’s population will be living in urban areas by 2030, says Puri

Our Bureau New Delhi | Updated on January 08, 2018 Published on October 06, 2017

By 2030, 50 per cent of India’s population would reside in urban areas, said Hardeep Singh Puri, Minister of State (Independent Charge), Ministry of Housing and Urban Affairs. Speaking on the last day of the India Economic Summit, the Minister said as globalisation and urbanisation were becoming integral in the present scenario, half of the country’s population would be living in urban areas by 2030.

Puri said State governments should work with the Centre to make cities function effectively, and urged the private sector to collaborate with the government in building smart cities. He also emphasised the need for an independent regulator for real estate to clean up the system.

“Swachh Bharat Mission recognises impending challenges of urbanisation and called for mindset change by all stakeholders to help meet the specific targets. The bio-mechanisation of waste, mechanical cleaning of drains etc, are some of the initiatives being contemplated by the government under the Mission,” said Puri.

Bunty Bohra, Chief Executive Officer, Goldman Sachs, who was also one of the speakers at the session said: “India highlighted tapping the corporate bond market for long-term finance for infrastructure and need for removing restriction on institutions so that corporates are clear about the risk return profile.”

Published on October 06, 2017

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.