So here are some staggering statistics:
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By 2030 India’s urban population will reach 590 million. That’s almost twice the entire population of the United States. The number of urban middle-class households will rise by over 300% to 91 million and the working-age population will increase by 270 million people. What’s more, in order to meet forecast demand from India’s cities, US$1.2 trillion of capital investment is required.
India has made some spectacular progress.
According to the World Bank, from 2005 to 2012, poverty declined by 2.2% per year, seeing 137 million individuals lifted out of poverty and the country’s poverty rate fall from 37% to 22%. Even better, the country’s poorest 40% are increasingly participating in the fruits of economic growth.
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