India's urbanization to Touch 42% By the year 2040

India's urbanization to Touch 42% By the year 2040...!

World Population Day: 11 July

The pace of urbanisation is such that today India's urbanization has touched 32%. By the year 2040, it is expected to go to 42% and by the year 2050, it would touch 50% as cities are engines of growth.

In fact 65% of GDP is coming from cities, said Mr. M. Venkaiah Naidu, Hon'ble Minister of Urban Development, Housing & Urban Poverty Alleviation and Parliamentary Affairs, Government of India while inaugurating the conference on Smart Cities in Tamil Nadu organised by CII.

An estimated 13 countries have evinced keen interest in setting up smart cities and they will help in drafting the master plan.

Among the countries keen for association with India include US, Japan, Australia, Sweden, Singapore and Germany.They have realized that India is the happening place especially after Mr. Narendra Modi assumed as Prime Minister of India.



The biggest advantage for India is that 60% of its population constitutes younger generation. Taking this into consideration, Prime Minister Mr. Narendra Modi has announced his vision of creating 100 smart cities across the country.


Stressing the need for a whopping Rs. 40 lakh crore for developing smart cities across India and another Rs. 20 lakh crore for maintaining them, he said that there is a need for local bodies to refrain from populist measures and instead opt for transparent and judicious tax models.
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