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    “The restaurant industry has been seeking greater transparency and predictability in food delivery for a long time.”-Sagar Daryani, President, National Restaurant Association of India (NRAI), CEO & Co-founder, Wow! Momo.

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    Shell agrees to sell BG Cyprus Limited.

    TMC Announces Changes to Organizational Structure.

    LEXUS Launches “LEXUS Flight” Helicopter Service.

    Ministry of Tourism Signs MoU with IndiGo to Promote India as a Global Tourism Destination .

    Blackstone to Acquire HSBC’s A$36 Billion Australian Home Loan Portfolio.

    Blackstone Energy Transition Partners Announces Agreement to Acquire DarkVision from Koch Engineered Solutions.

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    India as a Tourism Hub .

    Ai+ Smartphone Targets Rs 7,500 Crore Revenue in FY27 after Crossing 2 Million Units Sold Since Launch.

    Air Marshal Sandeep Thareja appointed as DGAFMS w.e.f. August 31, 2026

    Air Marshal Sandeep Thareja appointed as DGAFMS w.e.f. August 31, 2026.

    PHOTO CREDIT-GMR Visakhapatnam International Airport Limited (GVIAL)

    Prime Minister Narendra Modi to Inaugurate Vizag Airport Named Alluri Sitarama Raju International Airport at Bhogapuram on August 1

    PM to visit Andhra Pradesh and Karnataka on 1 August.

    Capri Loans Collaborates with OpenAI to Bring Enterprise-Grade AI to Lending Operations.

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    IndiaAI and Ministry of AYUSH Sign MoU to Accelerate AI Innovation in Traditional Healthcare.

    Capri Loans Collaborates with OpenAI to Bring Enterprise-Grade AI to Lending Operations.

    Shell agrees to sell BG Cyprus Limited.

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    “The restaurant industry has been seeking greater transparency and predictability in food delivery for a long time.”-Sagar Daryani, President, National Restaurant Association of India (NRAI), CEO & Co-founder, Wow! Momo.

    CHMP recommends EU approval of Roche’s Susvimo, the first continuous delivery treatment for neovascular age-related macular degeneration (nAMD)

    Fortis Hospitals Mumbai Launches ‘Har Ghar Hero’.

    Apollo Hospitals, Sheshadripuram Introduces iTIND for Young Men with Bladder Neck Obstruction

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

  • Technology
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    IBM Study: One in Four Malicious Breaches are AI-Enabled, Costing Companies $6 Million on Average.

    PHOTO CREDIT-IBM

    IBM to Acquire HRL Laboratories to Power the Future of Quantum.

    ISACA Bangalore Chapter hosts the 29th Annual Karnataka Conference with the theme “Fortify the AI Backbone and Agentic AI – Govern, Secure, and Thrive”.

    CREDIT-SONY

    Sony Creator Essentials Worth Considering This Summer.

    HCLTech Logo

    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

  • Auto

    TMC Announces Changes to Organizational Structure.

    LEXUS Launches “LEXUS Flight” Helicopter Service.

    PHOTO CREDIT-AUDI AG

    Audi Group maintains stable operating profit in the first half of 2026 despite challenging markets.

    Mercedes-Benz India Becomes Title Partner of the Indian Padel Tour, Marking a New Chapter in the Growth of Padel in India.

  • Sports

    BCCI pays tribute to Ajinkya Rahane’s distinguished international career.

    Borrowed Cue to National Heyball Silver: The Remarkable Story of 13 Year Old Md Mustafa

    Srishti, Padmapriya in semifinals of Tennis Europe Super Category.

    BCCI pays tribute to Ajinkya Rahane’s distinguished international career.

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

  • Lifestyle
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    “The restaurant industry has been seeking greater transparency and predictability in food delivery for a long time.”-Sagar Daryani, President, National Restaurant Association of India (NRAI), CEO & Co-founder, Wow! Momo.

    PHOTO CREDIT-AIR INDIA

    Air India launches ‘Easy Connect’ flights from Amritsar, connecting Punjab to 27 global destinations

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    First Direct Express Train Between Ramnagar and Dehradun to Improve Connectivity Between Kumaon and Garhwal Regions of Uttarakhand

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

    N.A. Haris, MLA and BDA Chairman, unveils the Mis Skin brand identity, showcasing its proprietary seven-step diagnostic protocol and advanced US FDA-approved technologies.

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

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India has a critical opportunity to drive resilient urban development, says new World Bank report

FWM by FWM
July 22, 2025
in Business
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NEW DELHI, July 22, 2025 – A new World Bank report notes that Indian cities hold tremendous potential as centers of economic growth with 70 percent of new jobs coming from cities by 2030. However, timely action is needed for cities to deal with impacts from extreme weather events and avert billions of dollars in future losses.

The report titled Towards Resilient and Prosperous Cities in India, prepared in close collaboration with the Ministry of Housing and Urban Affairs, states that with India’s urban population expected to almost double by 2050 to 951 million, more than 144 million new homes will be needed by 2070. At the same time, intense heat waves and urban heat island effects are already causing temperatures in city centers to rise by over 3-4 degrees over surrounding areas. The rapid growth of built-up areas is also reducing cities’ capacity to absorb storm water, making them more vulnerable to floods.

The new report, which studied 24 Indian cities, with a special focus on Chennai, Indore, New Delhi, Lucknow, Surat and Thiruvananthapuram, finds that timely adaptation can avert billions of dollars of annual losses from future weather-related shocks. For example, annual pluvial flood-related losses can be averted and can amount to $5 billion by 2030, and $30 billion by 2070. Investments in adaptation will also save over 130,000 lives from extreme heat impacts by 2050.

With over 50 percent of the urban infrastructure required for 2050 still to be built, India has a critical opportunity to drive resilient urban infrastructure development.

“The imperative for India to build resilient cities at scale is clear. By investing in more green and resilient urban development—including housing, transport, and municipal services – cities can better mitigate extreme heat conditions and urban floods, and continue to grow and create jobs,” said Auguste Tano Kouamé, World Bank Country Director.

To urgently help Indian cities and support vulnerable populations, this report outlines key recommendations:

  1. Implement programs to address extreme urban heat and flooding, including better regulation of stormwater, green spaces, installation of cool roofs, and effective early warning systems.
  2. Invest in resilient infrastructure and municipal services, energy efficient and resilient housing, modernize solid waste management, and make urban transport flood resilient.
  3. Improve access to urban finance through better private sector engagement.

The report estimates that investments of over $2.4 trillion will be needed by 2050 to meet the need for new, resilient, and low-carbon infrastructure and services in cities. The private sector’s role will be critical in meeting these investments.

“Many Indian cities are showing the way to improve adaptation measures, benefit from good practices and fast track actions towards resilient urban growth,” said Asmita Tiwari and Natsuko Kikutake, co-authors of the report. “Timely interventions will help India’s cities continue to safeguard lives and properties, attract new businesses and jobs, and drive innovation.”

The report cites how several cities in India are already taking urgent steps to build resilience. Ahmedabad has developed a Heat Action Plan model which aims to strengthen early warning systems, improve healthcare readiness, increase green cover and shift work schedules for outdoor laborers. Kolkata has adopted a city-level flood forecasting and warning system. Indore has invested in a modern solid waste management system, improving cleanliness and supporting green jobs. Chennai has adopted a climate action plan based on thorough risk assessment and targeting both adaptation and low-carbon growth.

The report was supported by a multi-donor trust fund, Global Facility for Disaster Reduction and Recovery (GFDRR).

FWM

FWM

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