Urbanization in India and Korea–India Economic Cooperation

Abstract

The rapid economic growth that has taken place in India recently is expected to accelerate urbanization in the country. The urban population in India is estimated to grow more than twofold by the year 2050. As urbanization accelerates due to the urbanization policies carried out by the Indian government, the cities are expanding their power and water supply, public transportation, communication, waste disposal, and residential convenience centers, as well as expanding their consumption markets. Against this backdrop, this research examines urbanization policy in India, going on to analyze the relationship between urbanization and economic growth. Based on these analyses, this research suggests political directions and tasks in the urban development cooperation between Korea and India.