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The Economic Times

Global Business / The Economic Times

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From Patna to Kanpur, can an emerging market fix dirty, broken cities?

Patna is set to become the first municipality in Bihar to issue municipal bonds, raising Rs 200 crore for urban infrastructure. This move highlights the ongoing need for investment in India's urban infrastructure amid challenges like urban flooding and sanitation. Other cities like Kanpur are also expected to follow with their own bond issues soon. However, many municipalities still struggle with reliable revenue sources needed for debt repayment.

29 Oct 2026 8:17 pm