RAPID URBANISATION
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—from 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?
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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.
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.
Cities will be responsible for more than 70% of the country’s GDP by 2030, says Housing Minister, Hardeep Singh Puri
“At the same time, cities are also major contributors to climate change. The United Nations Environment Programme (UNEP) estimates that cities emit up to 75% of the global CO2-equivalent emissions globally. Buildings and urban transport are amongst the largest contributors,” Puri said at the event.
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.
BRICS Urbanisation Forum to be held in South Africa next week
The first in-person follow-up to the BRICS Urbanisation Forum will take place in Durban on July 26. The event brings together ministry delegates, policy makers and other stakeholders to discuss building sustainable urban economies, livelihood survival strategies in urban environments and smart technologies to enhance resilience and liveability.
Housing demand outlook remains positive; urbanisation, affordability, aspiration to drive sales: DLF Chairman Rajiv Singh
DLF Chairman Rajiv Singh remains bullish on India's housing sector and expects strong sales momentum to sustain on the back of rapid urbanisation, improved affordability and aspirational need. Singh also noted that the sector is witnessing a consolidation in demand towards credible and organised real estate developers.
Steel demand to grow on infrastructure development, urbanisation, supportive policy reforms: Tata Steel Chairman N Chandrasekaran
The steel industry was also impacted by the volatility in the global environment, which affected the steel demand-supply balance and resulted in volatility in steel prices.
View: Rising urbanisation needs innovative planning to manage future financial stress
In most countries, about 50% comprise grants and subsidies, followed by 31% tax revenue, and 10% user charges that have often been insufficient to recover operating and maintenance (O&M) costs. To overcome the financing gap posed by additional future stresses, cities need to increase their own-source revenue (OSR) and innovative capital.
Five transformative strategies Budget has taken note of based on trends that will shape India
The world is now looking at India. Our development trajectory can be one the world looks to. Focusing on these five trends can set India on a sustained, inclusive and high-growth path. Our path can become a model for the world.
India will undergo largest urbanisation in the world: Matthias Rebellius, Siemens
"For Siemens, India is a very important market. When we talk about urbanisation, India will also undergo one of the largest urbanisation transformations we see in the world. India is seeing a huge number of smart cities being created," said Matthias Rebellius.
Housing sale in tier 2 cities growing at rapid pace: Report
The report highlights that there has been a remarkable jump in both absorption as well as supply of quality residential properties in various price brackets in these cities. The report has tracked performance of the residential segment of the real estate sector in various tier-II cities from FY 2017-18 to FY 2021-22.
Tandoori chicken and peace! A flavoursome dish that survived Partition & urbanisation
Urbanisation is perhaps the most profound crucible for change in food habits.
Prime Minister Narendra Modi wants India to become global leader in farm sector
Addressing the meeting of the Governing Council of the Niti Aayog, the PM said that the rapid urbanisation can become India's strength instead of weakness by leveraging technology to ensure ease of living, transparent service delivery, and improvement in the quality of life.
Bhupender Yadav flags off domestic worker survey; unveils instruction manual
According to the latest data on the e-Shram portal, around 8.8 per cent of the registered 8.56 crore informal sector workers fall in the category of domestic workers.
A tale of new cities: The main challenge before govt's aim to develop eight new cities
A grant by the 15th Finance Commission to incubate eight new cities is aimed at boosting planned urbanisation in India. The big question, though, is whether to build new greenfield cities or plan satellites of existing urban centres. A Rs 8,000 crore grant from 15th Finance Commission to incubate eight new cities, offers a glimmer of hope for some planned urbanisation in the near future.
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