A study jointly conducted by the National Council of Applied Economic Research's Rajesh Shukla and Future Capital Research's Roopa Purushothaman says that on conservative estimates, 379 million people will be added to India's urban spaces over the next 40 years -- more than the entire population of the United States today.
The study also mentions which cities have India's richest households and identifies 20 key cities to track. These cities together account for just under 10 per cent of India's population, but generate 30.8 per cent of disposable income.
The cities have been put in three categories: Megacities, which are the largest cities in terms of population and overall consumer markets; Boomtowns, which stand out as the next set of big-population cities with high expenditure per household; and Niche Cities, which are smaller in terms of overall population but still hit well above their weight in spending per household.
The Megacities are -- (Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Ahmedabad, and Pune); the Boomtowns are -- (Surat, Kanpur, Jaipur, Lucknow, Nagpur, Bhopal, and Coimbatore); and the Niche Cities -- (Faridabad, Amritsar, Ludhiana, Chandigarh, Jalandhar).
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