70% of GTD to come from urban India : Assocham

Assocham_logoWith major cities yielding various job opportunities, the contribution of urban India to the national GDP is likely to touch 70 per cent in the next five years, according to an Assocham study, reports PTI.

The study titled, ‘Urban India: Growth, Opportunities and Difficulties’, revealed that almost 300 million Indians living in major metros and cities would push India’s GDP growth to 10 per cent by 2011, from the 2001-level of 60 per cent.

Urban India would emerge as a major epicentre for both domestic economic activities and overseas businesses that would pave the way for higher urban per capita income at Rs 36,000 per annum by 2011, which is a Rs 10,000 jump from the current estimates of Rs 26,000 per annum.

“Job opportunities for a large number of job seekers and qualified professionals in areas of IT and IT-enabled services, manufacturing, biotechnology will be offered in metros and smaller cities like Pune, Hyderabad, Kochi, Ahmedabad, Chandigarh, Dehradun and Jaipur,” Assocham President Anil K Agarwal said.

The urban population grew to 27 per cent in 2001 from 25 per cent in 1991 due to migration of labourers from villages to cities for financial security and better standards of life.

Towns in India grew by 16 per cent to 4,368 in 2001 from 3,768 towns in 1991 and are expected to touch the 5,000-mark by 2011.

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