Abstract
The world is moving toward rapid urbanization, and there is a well-established link between the level of urbanization and economic growth. India supports 31% of the population in its urban areas. In the post-1991 era of economic liberalization, urban areas are considered “engines” of economic growth, which is majorly associated with the structural transformation (migration and employment shift), agglomeration, and scale economies. This leads to spillover of knowledge and creation of specialization, which enhances the productivity of urban population. As per the estimates by Mickensey and Company, by 2020, the share of urban areas in India’s total GDP would be about 70%. The economic geography of India describes the growth of economic activities in and around existing cities and towns, especially those with transport and telecom linkages with the global economy. However, insufficient acknowledgement is given to the role of urban local bodies in economic development and planning.
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