Business Today

Big cities, big bucks

     Print Edition: Oct 28, 2012

Rapid urbanisation is essential to raise standards of living in the developing world, including India. Cities are hubs of economic activity and create wealth. A wave of urbanisation is now underway in emerging nations which will lift some one billion people out of poverty and add $30 trillion to global GDP by 2025, according to a study by McKinsey Global Institute. India, too, is urbanising but has a lot of catching up to do with other developing nations, particularly China.

Graphic by Santosh Kushwaha

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