RAPID URBANISATION
Rising middle class, rapid urbanisation, and affordable vehicles going to push auto sector in India: PM Modi
Prime Minister Narendra Modi inaugurated the Bharat Mobility Global Expo 2025, emphasizing the impact of the rising middle class and affordable vehicles on India¡¯s auto sector. The expo is the largest of its kind in India, featuring over 100 new launches and hosting various shows and conferences focused on the future automotive value chain.
Luxury, Sustainability, and Growth in Tier-2 Cities: What to expect from real estate in 2025
In 2025, the real estate sector will focus on sustainability, technology, and shifting buyer preferences. There will be moderate price growth following a 21 percent increase in 2024. Innovations such as AI and blockchain will enhance transparency and decision-making. Tier 2 and Tier 3 cities will become important due to affordability and government support, affecting urban trends.
Small town sales join the big league
Sales of smartphones, laptops, washing machines, and TVs are rising in smaller Indian towns, bridging the gap with larger cities. The trend is driven by urbanization, nuclear families, and consumer finance. Increased rural market consumption and solar panel savings also contribute. Government schemes and SUV demand further boost rural spending.
Jewar in UP among 8 emerging property micro-markets, land prices up 40% in last 5 years: Report
Jewar, Uttar Pradesh, is experiencing rapid real estate growth due to the upcoming Noida International Airport. Land prices have appreciated by 40% in the last five years and are projected to increase by 50% by 2030, driven by infrastructure projects and government initiatives.
Elevator industry supports India¡¯s urbanisation in a way that is smart, sustainable and scalable, says Otis India president
India is the second-largest market for elevators and escalators globally and the Otis team in the country has doubled orders in the last two years, says Sebi Joseph, President, Otis India. The company says it can provide innovative vertical mobility solutions to help improve the country¡¯s infrastructure growth.
Govt plans to incentivise planned urbanisation of peri-urban areas
The Ministry of Housing and Urban Affairs aims to promote planned development of peri-urban areas by incentivising states and addressing political, administrative, and financial reforms. This aligns with the upcoming recommendations from the Sixteenth Finance Commission, chaired by Arvind Panagariya, to augment urban local body revenues from 2026-27 to 2031-32.
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Planning to move to Bengaluru? Here's a reality-check on some myths you might have heard about the city
Bengaluru is often clouded by myths ¡ª about its eternal cool weather, sky-high costs, and tech-dominated identity. Let's bust seven major misconceptions and gather a fresh perspective on the city's climate, job diversity, affordability, language issues, among others.
Urbanisation an opportunity to build modern cities: Amitabh Kant
Amitabh Kant, India's G20 Sherpa, highlights the country's impending urbanization with 500 million people moving to cities in the next four to five decades. He stresses the need for sustainable urban planning to ensure modern, equitable cities and warns against unplanned development, citing mistakes of other nations.
India's strategic leap: 12 new industrial parks to drive sustainable urbanisation & manufacturing growth
India's push for manufacturing-led urbanisation aims to boost economic growth and living standards. The government has approved 12 new industrial parks under the National Industrial Corridor Development Programme, focusing on sustainable infrastructure and job creation. This initiative is crucial as over 500 million people are expected to settle in urban areas.
ET Road Safety & Safer Mobility Forum 2024: Driving change through tech-enabled solutions and industry collaboration
At the Mumbai edition of the ¡®The Safety Circuit: Enhancing Safety Standards in Modern Logistics and Supply Chains¡¯ roundtable, organised by The Economic Times and powered by Netradyne, industry leaders convened to share technology-backed strategies and advocated for a cultural shift for making roads safer and saving lives.
Diabetes management in the time of urbanisation: An Indian perspective
India's rapid urbanisation and economic growth have led to a spike in chronic diseases, including diabetes, particularly in rural areas. Increased disposable income, sedentary lifestyles, and unhealthy eating habits are driving this trend. Addressing these health challenges requires a consistent approach prioritising early detection, balanced diets, and education on diabetes management.
India's consumer market represents long-term structural opportunity: N Chandrasekaran
Tata Consumer Products Ltd Chairman N Chandrasekaran highlighted India's consumer market as a long-term structural opportunity, driven by factors like population, a growing middle class, rapid urbanisation, increasing disposable incomes, and rising aspirations.
Urbanisation's influence on climate change increasing in recent decades, study finds
A new study revealed that urbanisation had contributed to continental-scale warming in recent decades, particularly in Asia where cities have expanded significantly. While urbanisation accounts for only 2% of land warming from 1992-2019, researchers advocate for including it in climate change projections. Globally, urban land has increased by 4.5 lakh square kilometers, with the largest growth in Asia and Africa. Some regions, like Europe and the Caribbean, saw dramatic urban area increases, while others, like Iceland and Greenland, remained stable.
Experts warn of heat risks as India's temperatures climb again
India is facing a severe heatwave, with temperatures in several cities exceeding 45 degrees Celsius. The city of New Delhi has seen temperatures rise into the high 40s Celsius, with power usage in the city reaching a record high. Experts warn that cities are more vulnerable to the compounding effects of urbanization and climate change, leading to a greater number of hotter days, prolonged dry spells, and less rainy days.
Urbanisation led to 60% more night-time warming in Indian cities than non-urban areas: Study
A study by IIT Bhubaneswar found that urbanization has led to 60% more night-time warming in over 140 Indian cities compared to surrounding non-urban areas. Cities like Ahmedabad, Jaipur, and Rajkot were most affected, with Delhi-NCR and Pune also experiencing significant warming. The urban heat island effect, where concrete and asphalt store and release heat, is the main cause. T
Urbanisation = growth
While the post-WW2 world experienced rapid urbanisation, India followed suit at a slower and more haphazard pace. Misguided attempts to combat urbanisation as undesirable hindered growth of efficiencies of agglomeration in the economy, compared to nations that urbanised rapidly and more cohesively.
Who moved my monument? The mystery of India's vanishing heritage sites
The Archaeological Survey of India (ASI) has delisted 18 untraceable monuments¡ªfrom a minar in Gurgaon to a copper temple in Arunachal. How can archaeological treasures be protected amid chaotic urban development and inadequate allocation of funds?
Who is in charge of Bengaluru? Seeking solutions amid rapid urbanisation
The previous BJP regime decided to increase the number of municipal wards in the city from 198 to 243, but the present Congress regime wants the number cut to 225. The consensus between them, however, is to retain the single, bloated body. Which takes the city¡¯s administration back to square one.
Garden city to concrete jungle: Bengaluru city has just 7% green cover left, reveals IISc study
Bengaluru's urbanised area has expanded by a staggering 1055% since 1973, from a mere 8% to 93.3% in 2023. Consequently, there has been an 88% reduction in vegetation. Presently, Bengaluru has only 1.5 million trees for a population of 9.5 million, equating to just one tree for every seven individuals. This insufficient green cover fails to meet the daily respiratory carbon sequestration needs.
What is needed to make India a $10-trillion economy? Ajay Piramal, Falguni Nayar, SN Subrahmanyan & Rohit Jawa explore the possibilities in a panel discussion
India's $10-trillion economy prospects discussed by industry leaders, emphasising digital revolution, infrastructure transformation, consumption growth, financial sector role, employment challenges, urban planning needs, and women's empowerment for achieving targets.
India needs to grow at rapid rates to become $35 trillion economy: Amitabh Kant
India is projected to become the third-largest economy by 2027, according to the country's G20 Sherpa, Amitabh Kant. He emphasized the need for India to grow rapidly at 9-10% annually over the next three decades to achieve its goal of becoming a $35 trillion economy by 2047. Kant highlighted the importance of sustainable urbanization, improved agricultural productivity, and increased exports for India's future growth.
Urban infra gears up for metro push
According to Neetu Vinayek, infrastructure tax leader at consultancy firm EY India, the focus on urban transformation through expansion of metro rail and NaMo Bharat will enhance the ease of living index and fuel economic growth.
View: India urbanisation critical for getting developed tag
Building the necessary infrastructure will be key for creating livable, climate-resilient, and inclusive cities that drive the economy forward. Since nearly 70 % of the urban infrastructure needed by 2047 is yet to be built, sizeable investments will be required. By 2036, India will need to invest $840 billion in infrastructure - an average of $55 billion or 1.2 % of GDP per annum. However, estimates suggest that between 2011 and 2018, the country's total capital expenditure on urban infrastructure averaged only 0.6 % of GDP, half the required quantum of investment.
Morbi's ceramic industry puts glaze on Gujarat growth story, set for further growth: Industry experts
??"In the run up to the Vibrant Gujarat Global Summit 2024, the state government has organised the Vibrant Gujarat-Vibrant District event. The event is meant to facilitate government support to different sectors. Morbi's ceramic, Rajkot's machine tools and engineering and brass of Jamnagar are renowned all over the world," said state Agriculture Minister Raghavji Patel.
Half of country's population will be living in cities in few decades: Union minister Kaushal Kishore
Minister Kaushal Kishore said that India's swift urbanisation may lead to half of the population residing in cities soon. Presently, 30% inhabit urban areas, marking a shift from 20%. Kishore highlighted PM Narendra Modi's initiatives for urban welfare, including the 'Light House project' for affordable, earthquake-resistant housing. He emphasized Modi's dedication to projects like the Smart Cities Mission and Pradhan Mantri Awas Yojana.
Loneliness in India is no longer a 'first world' problem
Indians suffering from clinical consequences of loneliness in a country where finding individual privacy can be a challenge has been increasing, a study showed. ??WHO has formed a panel after ??acknowledging that loneliness is taking 'epidemic proportions' worldwide.
India desperately needs new-age towns. Our tech business leaders must step up
Delhi, including the rural areas in its periphery, is a little over 1,400 sq km. The new greenfield city of Atal Nagar-Nava Raipur is 250 sq km. Amaravati, the capital of Andhra Pradesh, after Telangana took away Hyderabad for its capital, is 217 sq km. The urbanisation challenge India faces is clearly, truly massive. It might be unwise to leave it to the wisdom of state-level politicians, who control land and land use.
Urbanisation intensifies the prevalence of inflammatory bowel disease in India, reveals Lancet Study
The last two decades have seen an increasing incidence and prevalence of IBD in the Asia-Pacific region and that India appeared to be in an accelerated industrialisation phase, with a rapidly increasing IBD incidence, they said in the study.
India¡¯s middle class is expanding, thanks to rapid urbanisation. This will reshape the economy
Apart from the size, the growth of the middle class is ushering in changes at multiple levels which will significantly impact the socioeconomic profiles of cities, states and, ultimately, the collective economic prowess of the nation.
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