Monday, July 26, 2010

McKinsey: India’s “Urban Awakening” Depends on Sustainable Transport and Land Use

by Erica Schlaikje
June 8, 2010

“If India continues with its current unplanned urbanization path, it will result in a sharp deterioration in the quality of life in its cities, putting even today’s rates of economic growth at risk,” says an April 2010 report published by McKinsey & Company.
Despite this daunting tone, McKinsey highlights many of the urbanization “opportunities” for India to seize by 2030, including the following projections:
  • 590 million people will live in cities
  • 70% of net new employment will be in cities
  • 68 cities will have a population of 1 million or more (up from 42 today)
  • 700-900 million square meters of residential and commercial space needs to be built – the size of the city of Chicago
  • 2.5 billion square meters of roads will have to be paved, and 7,400 of metros and subways will need to be constructed – both equaling 20 times the capacity added in the past decade

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