13 July, 2022
8 Min Read
For effective municipal governance, the health of municipal finance is a critical element that will determine whether India realizes its economic and development goals.
Various challenges faced by the Urban Local Body in India:
Analyzed data from the Indian Institute for Human Settlement
The Indian Institute for Human Settlement analyzed the data from 80 urban local bodies across 24 states between 2013 and 2017 to understand ULB finance and their spending. It found that:
Cities with a higher share of their revenue are more financially self-sustaining. Even the property which is the single largest contributor to ULBs own revenue accounted for only 0.15% of the GDP.
Measures to strengthen Urban Local Bodies
Steps taken by the government for ULBs
Local self-governance in India should be strengthened as it captures the local needs and ensures a responsive government.
Source: The Hindu
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