Smart cities are those cities that strive to promote
citizens’ engagement through information and communication technology(ICT) and
a well-to-do urban service delivery system. The central government has proposed
an outlay of 48000 crore over a period of five years to develop 98 smart cities
across the nation. The remaining 48000 crores would be mobilized by the states
as well as the private sector.
The reasons for developing smart cities are primarily
two-fold. First, it would shift the already existing employment burden in
agricultural sector towards non-agricultural sector. The agricultural sector is
reeling under disguised unemployment. So, the construction sector in smart city
plan would readily absorb the labour force thus providing employment to the
needy sections of the society.
Second, the creation of employment opportunities would boost
internal demand in the economy resulting in the sectoral growth of the manufacturing
sector. It would ultimately help us to realize the ‘Make in India’ concept that the nation aims to achieve. The smart
cities would also indirectly attract foreign investments like FDI in the
economy.
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