With growing urbanisation in India, about 85 crore people are estimated to live in cities pan India by 2050, a latest report. The report, prepared by real estate consultant Jones Lang LaSalle for industry chamber CII
According to the report, urbanisation in India is growing at the fastest rate among the BRIC (Brazil, Russia, India and China) nations, putting a pressure on the major cities.
Highlights of Study...!
* India is witnessing urbanisation on an unprecedented scale with the share of the urban population increasing from 28% in 2001 to 31% in 2011.
* United Nations estimates, India has the highest urban population rate of change among the BRIC nations.
* An estimated 84.3 crore people will live in Indian cities by 2050, a figure which is the combined population of present day USA, Brazil, Russia, Japan & Germany.
* Due to the extreme rate of urbanisation, India's face is changing with the fast evolving skylines, mainly in the cities, filling with skyscrapers & different types of architectures.
* The smaller towns & cities are witnessing a metamorphosis through the expansion of roads & flyovers, real estate development & open areas.
*The rapid urbanisation is expected to offer large-scale opportunities for real estate and infrastructure development in the cities as well as access to a large skilled workforce.
* In this light of rapid urbanisation, the report also highlighted another fact of gradually decreasing the average age of Indian population.
* It is estimated that in 2020, the average age in India will be only 29 years compared with 37 in China and the United States, 45 in Western Europe and 48 in Japan, providing immense opportunities for growth and development across industries wanting to reap this demographic dividend.
* Currently, nearly 64% of the Indian population is in the 15 to64 working age group and 35% is in the 15 to34 years age group.
* The growth in opportunities due to this rising young population will increase employment, leading to a rise in disposable incomes and consumption expenditure.
* Increases in consumption will further drive the growth of the manufacturing, retail, residential & commercial sectors.
According to the report, urbanisation in India is growing at the fastest rate among the BRIC (Brazil, Russia, India and China) nations, putting a pressure on the major cities.
Highlights of Study...!
* India is witnessing urbanisation on an unprecedented scale with the share of the urban population increasing from 28% in 2001 to 31% in 2011.
* United Nations estimates, India has the highest urban population rate of change among the BRIC nations.
* An estimated 84.3 crore people will live in Indian cities by 2050, a figure which is the combined population of present day USA, Brazil, Russia, Japan & Germany.
* Due to the extreme rate of urbanisation, India's face is changing with the fast evolving skylines, mainly in the cities, filling with skyscrapers & different types of architectures.
* The smaller towns & cities are witnessing a metamorphosis through the expansion of roads & flyovers, real estate development & open areas.
*The rapid urbanisation is expected to offer large-scale opportunities for real estate and infrastructure development in the cities as well as access to a large skilled workforce.
* In this light of rapid urbanisation, the report also highlighted another fact of gradually decreasing the average age of Indian population.
* It is estimated that in 2020, the average age in India will be only 29 years compared with 37 in China and the United States, 45 in Western Europe and 48 in Japan, providing immense opportunities for growth and development across industries wanting to reap this demographic dividend.
* Currently, nearly 64% of the Indian population is in the 15 to64 working age group and 35% is in the 15 to34 years age group.
* The growth in opportunities due to this rising young population will increase employment, leading to a rise in disposable incomes and consumption expenditure.
* Increases in consumption will further drive the growth of the manufacturing, retail, residential & commercial sectors.
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