With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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Bank Group ContributionThe World Bank’s engagement in transport projects has returned to pre-crisis levels, after tripling its commitments between FY04 and FY13. The share of lending for the roads and... Show More + highways sector decreased to pre-crisis levels, with 60 percent share of lending in FY13 (the same value as in FY04); the same trend was observed for railways which registered 7 percent share of commitments in FY13. There was notable expansion in urban transport lending which reached 19 percent in FY13. For the ports and shipping sector, the investments have varied from 2 percent to 4 percent during the last decade.The modal distribution of all transport projects funded by IBRD and IDA between FY04 and FY13 shows that roads and highways account for 57 percent, urban transport for 14 percent, railways for 6 percent, aviation for 3 percent, and ports and shipping for 5 percent, whereas the remaining 15 percent is distributed to general transportation and public administration in transportat Show Less -
Policies that inadvertently push people and businesses to the suburbs can impose a burden on citizens, especially the poor. Transportation costs between the metropolitan cores and the peripheries are among... Show More + the highest in the nation. Access to – and the quality of – water, sanitation, and electricity is much worse in the urban periphery than at the core. “With the right policies in place, the faster a country like India urbanizes, the faster it could reduce poverty and increase shared prosperity,” said Onno Ruhl, the World Bank’s country director for India. “Experience the world over has shown a crucial link between urbanization and economic growth.”Ruhl and his predecessor, Roberto Zagha, understand how important that link is for the future of India, a country where 32 percent of the population falls below the international poverty line of US$1.25 a day. “Urbanization – and the economic growth behind it – is what will pull people out of poverty,” said Somik Lall, lead urban e Show Less -
NEW DELHI, September 23, 2013 – Rural areas adjacent to India’s major metropolitan cities are witnessing faster economic growth and higher employment generation than the mega-cities themselves, says a... Show More + new World Bank report. Examining the phenomenon of rapid “suburbanization” that India is undergoing, the report offers options to city planners and policymakers to ensure that the movement of economic activity away from city cores does not affect their potential to emerge as powerhouses of growth.The report, India’s Urbanization Beyond Municipal Boundaries, analyses the patterns of India’s urbanization derived from geo-referencing and linking the population and economic census, to examine whether or not “suburbanization” is enhancing productivity by tapping agglomeration economies. Existing data suggests that the seven largest metropolitan cities in the country did not increase their overall shares in national employment between 1993 and 2006. While the largest metropolitan centers (Mumba Show Less -