Proposal for city-level GDP under study

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, according to a senior official at the Ministry of Housing and Urban Affairs (MoHUA).

The Economist Intelligence Unit (EIU) recently did a feasibility study of various models to calculate city-level GDPs for the MoHUA. Its report was released earlier this week.

“By the end of September 2018, we will take a final call on the feasibility of the project, and decide what approach to use,” Smart Cities Mission Director Kunal Kumar said.

Source: Read Full Article