By the Year 2050: 40% of Indians Will be Living in Urban Areas


India's leading housing finance company HDFC's Chairman Mr. Deepak Parekh had lambasted the central government for doing very little for urban infrastructure although 43% of the country's wealth is generated by top 100 cities.

Mr. Deepak Parekh said, "A comparison of BRIC nations reveals that India's pace of urbanisation ranks the lowest. India spends barely 0.1% of its GDP (Gross Domestic Production) on urban development, whereas the minimum requirement is 0.25% of GDP per year,"

India will require Rs. 39.2 lakh crore for investment in urban infrastructure over the next 20 years.

Rising urbanisation generally translates into better jobs, increased incomes & a higher standard of living.
Our country India's urban population is projected to increase from 31 per cent presently to 40 per cent by 2030 and by 2050, more than two thirds of Indians will be living in urban areas.
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