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KPMG
India river development project is a double-edged sword
India river development project is a double-edged sword

Civic leaders had long looked upon the dreary, slum-choked river that sliced through this city and dreamed it could become something grand — India's answer to the Seine or the Thames. When a new chief executive took over the state of Gujarat in 2001, he directed municipal authorities to make the Sabarmati River a priority. Now that official, Narendra Modi, is India's prime minister, and he has touted the $200-million public project as a symbol of his ability to advance major development ventures that lift India's economy as well as its poorest citizens. Yet far from the rejuvenated riverfront, in a sun-baked field in the shadow of a noxious recycling plant, thousands...

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