Human development is at the core of India’s Smart City ambitions

    2018-09-04T13:24:12+00:00November 10th, 2015|2015, From The Top, India Investment Journal - V 3/I 4, Year|

    New Delhi’s ambitious aims to develop ICT-enabled urban developments, or “Smart Cities”, with modern infrastructure across India with its relatively small $1.2 billion seed money could, according to a recent UK government report, create a market place worth almost $450 billion. Many experts suggest this is a conservative estimate.

    Many experts suggest this is a conservative estimate. Unsurprisingly, media and stakeholder attention has tended to focus on the potential economic rewards in building these cities. However, ‘bricks & mortar’ investment without human development and effective governance model, more often than not leaves behind white elephants rather than vibrant urban living spaces.