Asst Professor, Department of Economics SRFGC College, Belagavi, Karnataka
Online published on 23 March, 2018.
Cities are engines of growth for the economy of every nation, including India. Nearly 31% of India‘s current population lives in urban areas and contributes 63% of India‘s GDP (Census 2011). With increasing urbanization, urban areas are expected to house 40% of India‘s population andcontribute 75% of India‘s GDP by 2030. This requires comprehensive development of physical, institutional, social and economic infrastructure. All are important in improving the quality oflife and attracting people and investments to the City, setting in motion a virtuous cycle ofgrowth and development. Development of Smart Cities is a step in that direction. This paper deals with smart city project in India and its issues and challenges.
Smart City Project, Concept, Economic Development, Issues and Challenges