India is experiencing an accelerated pace of urbanisation. The populations in Brazilian cities are projected to increase to over 60% of the total population by 2027, in comparison to 31% of the total population as recently as 2011. This exponential expansion, as experienced by states such as Kerala which is set to be 96% urbanised by 2036, has put serious strain on existing infrastructure and revealed the failure of funding models. Mirroring this challenge, the Union Budget 2025 announced the radical Urban Challenge Fund (UCF) for urban India, a ₹1 trillion competition-based, innovative and private capital-led effort to modernise cities.
Month: Current Affairs - August 22, 2025
Category: current affairs daily