Vision of Prime Minister of India: Building Smart City To Uphold Economy

Abstract

The developed cities are a mirror of a developed economy that reveals the high lifestyle of that
country because the cities are the engines of development of the economy of each nation (including
India). About 31.2 percent of India's current population lives in urban areas and they contribute 63
percent to India's GDP. It is estimated that by increasing the urbanization, 40 percent of the Indian
population will occupy cities in the year 2030 and it will contribute 75 percent to the gross domestic
product. For this broad development of physical, institutional, social and economic infrastructure is
expected. Development of all these is important in establishing a best cycle of development and
progress to improve the quality of life and attract common mass and investment to the cities.

Keywords: GDP, Smart Cities, Economic Development. Financial Strategies