Monday, December 24, 2012

Urbanisation of Modern India

An inescapable and only too visible trend is the speedy urbanisation of India. Existing cities are growing rapidly (and haphazardly) in alone directions, those that cannot (like Mumbai) are growing vertically, and many villages now match towns. Current estimates of urban population are in free of 300 million, and apparent to reach 600 million by 2030. As a share of total population, urban dwellers wank out institute more than 40% of total population as against little than 30% today. You might quibble about whether it lead be 590 m. or 600 m or 650 million, but the fact frame that urban population will close to double in less than two decades. Much has been written on this subject, by and large focused on the issue as one of threatening crisis. Infrastructure is already falling apart, cities have no funds of their own, we do not have the institutions nor capabilities to manage our cities, slums will govern and lead to social unrest, and so on. No doubt this is all true, and we need to focus our immediate attention on how to render cities that are worth living in. Having said that, abysmal foundation and miserable governance in our cities will not abandon them from growing. There will not be near generous jobs in arcadian areas, and we will see millions of new (and young) residents in our cities and towns.
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Without detracting from the scale of the problem, lets try to look at the brighter side. Regardless of the state of infrastructure, a doubling of urban dwellers will transform the Indian economy. Fundamentally, the reason cities attract migrants is that they provide jobs, which in conclusion lead to spending power. Further, the change in lifestyle (as compared to rural citizens) will drive demand for numerous products and services. The biggest opportunity is likely to be in low-cost housing. These new urban Indians will need homes, but will be unable to bear with the current (inflated) prices. If businesses can find a way to dish out decent homes at affordable prices, there is a... If you want to get a full essay, order it on our website: Orderessay

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