Arvind Panagariya pitches ‘special employment regions’ to build job-led cities

Synopsis Economist Arvind Panagariya suggests creating special employment regions in India. These regions would foster urban development and job creation, similar to Chinese cities. He advocates for greater land availability and easier construction processes. Liberalizing building bylaws and zoning systems is also recommended for faster urbanization. Authorities should also issue urban property ownership cards more widely. New Delhi: India should consider creating special employment regions, building cities around jobs, economist and 16th Finance Commission chairman Arvind Panagariya said on Friday. He called for building cities akin to China’s Shenzhen and Xiamen, which would be modern counterparts to existing Indian industrial…