What is a 'Smart City'?
All around the world, cities hold key to economic growth of a country. It would be right to call cities as engines of growth in driving a nation towards development. As per census 2011, almost 31% of Indian population lives in urban centers and contribute to more than 60% of country’s GDP.
Owing to government initiatives such as Pradhan Mantri Awas Yojana (PMAY), Smart Cities Mission and Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and Swachh Bharat Mission, urbanization in India is expected to see a massive push.
Smart cities offer comprehensive and developed, physical, institutional, social and economic infrastructure. These cities play a major impact on improving the quality of life, cycle of growth and development of people living in them. A smart city promotes infrastructure and amenities giving a quality of life to its residents. Such cities offer a clean and sustainable environment with a focus on inclusive development. Let’s have a look points which make a city, ‘Smart City’.
Technological Edge:Technology and innovation lie at the heart of a smart city. Technology enables smart solutions in a city when it comes to basic amenities. From devices in vehicles to smart traffic signals, technology plays a crucial role in the planning and growth of such cities. Automated systems ensure better utilities and services for citizens. Some examples are:
- Bangalore and Pune form perfect examples of smart cities incorporating a right blend of technology, infrastructure, and transportation
- In Bhopal, citizens can connect with authorities using ‘Bhopal Plus App’ on mobile phones and register complaints with a 24X7 call center
- Gandhinagar has digital signage system which gives citizens notifications of government initiatives, weather updates, and other environmental information
In smart cities infrastructure, transport and people work together as a well-oiled machine. Smart transportation improves commuting and safety. Smart alternative options of transport such as electric vehicles, metro trains, and reduce pollution levels and improves quality of living for people. Parking apps in Some examples of a smart transportation system in India:
- Delhi Metro
- BRT system Ahmedabad
- iBus Indore
- Rainbow BRTS
- Rapid Metro Gurgaon
Smart cities provide healthy and sustainable environments to residents. Efficient and effective emergency facilities ensure better health services to all parts of the city. Digitally enabled hospitals and ambulances ensure better patient monitoring and location tracking. Patients can share medical reports with doctors digitally which is convenient. Mobile paramedic units can be deployed in case of emergency by having real-time tracking of the patient.
Resilient to Changing Environments:At the core of smart cities lies innovations which make these cities resilient to changing environments. Smart cities are better equipped in every way to face economic, political and natural changes.
‘Smart Cities’ are a giant leap towards urban and economic growth in the country. Since a large number of population will live in these cities, smart cities will contribute significantly to India’s GDP in the coming decades.
Disclaimer: The information contained in this post is for general information purposes only. IIFL Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Given the changing nature of laws, rules and regulations, there may be delays, omissions or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Gold/ Personal/ Business) loan product specifications and information that maybe stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Gold/ Personal/ Business) loan.
