- Economic Exploration of Cities in the Developing World   320 kb by    Kaur, Guneet | guneetk@hotmail.com    Short Outline In recent times, liberalized economic policies have led to great changes in world economies. India is emerging as Economic Tiger. As a potential big market, Delhi needs to be tuned to attract developmental impulses for improved economy of the country Abstract BACKGROUND Delhi is the nucleus for the economic opportunities in the northern India. Being the Capital and a city full of opportunities and convenient linkages is attracting every Trade and activity for function and economic growth towards the city. Any establishment desiring a role to play in a larger part of India, finds it convenient and meaningful to get located in the city of Delhi, not only for their business at national level but also at global level ECONOMIC ZONES OF DELHI The trade and commerce activities can be understood under the following hierarchy: A. Central Business Districts (areas of importance at global, national & city level) a. Connaught Place, b. Chandni Chowk, c. Sadar Bazar and Paharganj d. Karol Bagh B. Sub Central Business District and District Centres (areas of importance at city level) C. Community Centres (areas of importance at neighbourhood level) D. Local Shopping Centres (areas importance at local level) E. Convenient Shopping Centres (areas of importance at local level) ISSUES The issues that need attention are: • Emergence of unauthorized and informal Sector markets • Development/urban renewal of markets at CBD( Central Business District) level • Large scale illegal conversion of residential premises to commercial establishments • Concentration of commercial activities in dilapidated buildings lacking adequate infrastructure facilities • Distortion of the city skyline and loss in architectural character of the areas • Emergence of non-hierarchical commercial centres. DEVELOPMENT OPTIONS • Provision of designated spaces for informal sector activities. • Incentives to attract the unauthorized developments and sub standard developments to planned areas. • Development of economic corridors for optimum utilization of land along major transport corridors • Voluntary shifting of old establishments (wholesale markets, industrial areas, etc) to appropriate locations. • Enhancement of FAR to interest individuals, society and developers for economic viability Keywords ECONOMIC EXPLORATION OF CITIES IN DEVELOPING WORLD Case Study presented on the ISOCARP Congress 2005: Making Spaces for the Creative Economy   Click to open the full paper as pdf document   Click to send an email to the author(s) of this paper