|
On
conservative
estimates 379
mn people will
be added to India's
urban spaces
over the next
40 years -
more than the
entire
population of
the US today.
By
understanding
more fully the
diversity
among already
established
cities, we can
better address
the
urbanization
process ahead. As
a first step,
in this
analysis we
identify
twenty key
cities to
track. These
cities
together
account for
10% of India's
population,
but generate
31% of
disposable
income. We
estimate
household
income growth
in these
cities at
11.2%yoy
between
2005-8,
decelerating
gradually to
average 10.1%
through 2016. By
2016, more
than half of
households in
the twenty
cities will be
middle class,
while the
high-income
segment could
more than
triple.
Meanwhile, the
share of
low-income
households
could halve,
to 7% from 16
%
today............... |