Economics • Indian EconomyMedium
What is the strategic economic rationale behind the establishment of the 'Global City' project in Gurugram by the Haryana State Industrial and Infrastructure Development Corporation?
A. To create a futuristic financial and business hub designed to attract global capital, high-end IT services, and cutting-edge R&D centers✓ Correct Answer
B. To establish a traditional subsistence farming village utilizing bullock-cart transport exclusively
C. To construct heavy metal smelting furnaces for indigenous iron ore processing
D. To operate a massive dry port for inland fishing export logistics
💡 Solution & Explanation
The Global City project in Gurugram aims to develop a world-class central business district with mixed-use urban infrastructure, smart utilities, and green building standards to attract Fortune 500 companies and global financial services. Mega urban infrastructure projects enhance the state's competitive standing in attracting foreign direct investment. Urban economic corridors drive high-value employment and contribute disproportionately to the tertiary sector's share of state income.
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