As the global population continues to grow at a steady pace, more and more people are moving to cities every single day. Experts predict the world’s urban population will double by 2050 – which means we’re adding the equivalent of seven New Delhi Cities to the planet every single year. Urban areas also contribute a higher share of GDP. In India, the urban poputation is currently 31% of the total population and it contributes over 60% of India’s GDP. It is projected that urban India will contribute nearly 75% of the national GDP in the next 15 years. Cities are accordingly referred to as the engines of economic growth. There is accordingly a crying need for the cities to get smarter to handle this large-scale urbanization and finding new ways to manage complexity, increase efficiency, reduce expenses, and improve quality of life.
The key features of a Smart City is in the intersect between competitiveness, Capital and Sustainability. The smart cities should be able to provide good infrastructure such as water, sanitation, reliable utility services, health care; attract investments; transparent processes that make it easy to run a commercial activities; simple and on line processes for obtaining approvals, and various citizen centric services to make citizens feel safe and happy.