In 1992, we amended the constitution to offer municipal corporations more authority. 45 percent of municipal revenue now comes from central and state governments. According to the RBI, this financial dependence makes our municipal system one of the weakest globally. In India, municipal revenue is just 1% of our GDP; in Brazil and Africa, it's at 7.4%.
In today’s episode for 29th November 2022, we dive into a report by the RBI to explain why municipal corporations need to be given more power.