Strengthening Urban Finance: A Path to Viksit Bharat

CAG K Sanjay Murthy emphasizes improving urban infrastructure for economic growth and achieving Viksit Bharat by 2047. During a national workshop, efforts to strengthen municipal financial management through the revised National Municipal Accounts Manual were discussed, highlighting urban areas' significant contribution to India's GDP and future potential.

CAG of India K Sanjay Murthy spotlighted the importance of upgrading urban infrastructure to fully harness urbanisation's economic potential and achieve a developed India by 2047.

Addressing a national workshop on enhancing financial management in Urban Local Governments, Murthy highlighted that urban areas, though home to a third of the population, contribute over two-thirds to India's GDP.

The workshop, marking the launch of the National Municipal Accounts Manual 2.0, aimed to modernize municipal finance systems. Experts underline the necessity of robust financial frameworks for effective city management and economic development.

(With inputs from agencies.)