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The government needs to be prepared to cater to the growing needs of cities. Majority of economic activities are projected to happen in urban regions, with 70 per cent the GDP coming from these areas, according to Auguste Tano Kouame, World Bank’s Country Director for India.
“Globally, economies in the new-age world are driven by a services industry that is people dependent, and therefore a significant portion of the population resides in cities, which are hubs for services-oriented firms,” said Bhavik Bhandari, Chief Sales and Marketing Officer, Ashwin Seth Group.
“Indian cities are part of this phenomenon and many of them have dramatically transformed in recent years with increased investments in transport, energy, and digital networks empowering cities to support industries, create jobs, and improve living standards. A comprehensive urban renewal program is essential to address aging infrastructure and improve quality of life since many age-old structures can be repurposed to align with modern day living,” added Bhandari.
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