Emerging Economies Are Growing Cities at Impressive Rates

Emerging-Market Cities.

According to the Economist, currently, 52% of the world’s population currently live in urban areas.  By 2025, this should increase to 58%. Nearly all this growth will take place in emerging-market economies, particularly Asia, as migrants from the countryside move in search of jobs.

Today, these emerging-market city-dwellers account for more than 60% of the world’s GDP growth.

In the past 15 years Delhi’s population has grown by 10m; it will add another 6m (a Miami's worth) in the next 15. 

Over the next two decades urban areas in emerging economies will account for about two-thirds of worldwide infrastructure spending. Most will go on building homes. China and India together will add 16 trillion square meters of housing over this period, to accommodate half a billion extra people.

 

On a related note, here is an interesting video about India's growth.

Amazing Facts about India.

 So is India on her way to becoming a Super Power or has she already arrived? What is your take?

 

 

 

 

Related articles

• The Future of Facebook Is in India (businessweek.com)
• India- A Re-emerging Economy (buzzeratbiz.com)
• The Emerging Markets Slowdown Trifecta (247wallst.com)
• India could be cut to junk, S&P warns (cbc.ca)