World Population Day - July 11
With growing urbanisation in India, nearly 85 crore people are estimated to live in Indian cities by 2050, a latest report. The report, prepared by Jones Lang LaSalle for CII
According to this report, urbanisation in pan India is growing at the fastest rate among the BRIC nations.
Key Finds of Study...!
^ UN estimates, India has the highest urban population rate of change among the BRIC nations.
^ India is witnessing urbanisation on an unprecedented scale with the share of the urban population increasing from 28% in 2001 to 31% in 2011.
* An estimated 84.3 crore people will live in Indian cities by 2050, a figure which is the combined population of present day USA, Brazil, Russia, Japan & Germany.
* In this light of rapid urbanisation, the report also highlighted another fact of gradually decreasing the average age of Indian population.
* It is estimated that in 2020, the average age in India will be only 29 years compared with 37 in China and the United States, 45 in Western Europe and 48 in Japan, providing immense opportunities for growth and development across industries wanting to reap this demographic dividend.
* Now, nearly 64% of the Indian population is in the 15 to 64 working age group and 35% is in the 15 to34 years age group.
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