New Delhi, July 23 -- Current municipal spending is well below the investments needed for climate-resilient, low-carbon intensive infrastructure in Indian cities, which face a triple threat of flooding, water scarcity, and heat, a World Bank report released said on Tuesday. The report titled 'Towards Resilient and Prosperous Cities in India' estimated a minimum investment requirement of $2.4 trillion by 2050 under a conservative scenario of reaching 43% urbanisation by then. In contrast, India spends an average capital investment of $10.6 billion per year (from 2011 to 2018) in the urban infrastructure sector. But importantly, even then, many Indian cities have not been able to spend their capital budgets fully in recent years and need supp...