Fiscal devolution to cities will matter only if municipal institutions are strengthened. India’s urban transition now requires administrative reform, professional cadres, and empowered city governments.
Arvind Mayaram
March 6, 2026 at 4:20 AM IST
MCGM
India’s growth has turned decisively urban, but the financial foundations of its cities remain weak. Unless municipal finance, land monetisation and city-level balance sheets are fixed, urban India will become the binding constraint in the next phase of growth.
Srinath Sridharan
January 14, 2026 at 6:52 AM IST
iStock.com
