With urban India responsible for an increasingly large share of the national GDP, the Centre now hopes to bring out city-level GDP data.
This could help both cities and investors make wise decisions, and also help municipal bodies raise funds for their own infrastructure needs
feasibility study of various models to calculate citylevel GDPs for the MoHUA.
When we talk about Smart Cities, there are three main components: an improved quality of life, a robust economy leading to job creation, and sustainability built into every aspect. But we cannot improve what we cannot measure,”
a city-level GDP calculation would help give shape to the economic indicators needed.
City-level GDP data, could help municipal bodies make better decisions on needed infrastructure and investment, and also leverage their economic strength to raise funds to finance their needs.
One of the aims of the Smart Cities Mission has been to increase the share of municipal financing of infrastructure projects.
the data requirements may be too challenging and a top-down approach using household expenditure data may be more feasible in the short term.
There is currently no reliable quantification of the magnitude of the economic output of Indian cities.
it can bolster the case for reforms that are critical for cities to deliver on their economic potential such as greater devolution of power, finances and trained personnel to city governments.
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