Urbanization

Via Sanjiv Sir :  India’s Coming Urbanization Phase

Some relevant numbers to get an estimate of the Urbanization that is predicated to happen in a big way:

• We think on very conservative estimates about 380 million people are going to be added to India’s urban spaces over the next few decades. So that’s more than the entire population of the U.S. moving into urban India.
• Close to 60% of our GDP is composed of private final consumption expenditures
• India relative to the rest of the BRICs we are at about just over $1,000 [of income annually] per head. We are less than half of the next highest BRIC [economy], which is China.