590 million will live in cities in India in 2030, more than the entire population of the United States; 270 million will be the net increase in the working age population; 70 % of net new employment will be generated in the cities; 68 cities will have populations in excess of 1 million, up from 42 today ( Europe has 35 today). The stats projected are truly staggering. For those who us who live in India’s cities, the future can be seen as being both exciting and frightening! India’s urban awakening is often written about Continue reading »
When I underwent heart surgery some months ago at Bangalore’s Fortis Hospital at Bannerghatta Road, I found that the chap in the private room next to mine was from the US. Walking down the corridor a few days later on my way to recovery, I bumped into a person from Kuwait and another from Nigeria. These were perhaps a small sample of the many thousands who come to India every year for healthcare, particularly surgical procedures which would cost them, if you will pardon the poor pun, a hand and a foot in their countries. In addition of course to the competence of the doctors and nursing staff here in India.
Even calling them ultra-luxury might actually be a misnomer. The apartments that Prestige Developers is putting up in liquor baron Dr. Vijay Mallya’s property in the heart of Bangalore will cost you a cool $ 4 million . Yes, you heard right. The figure is 4 million USD. Are there people around who can afford such apartments, you might ask. Sure, there are. Otherwise, Dr. Mallya wouldn’t be knocking down his ancestral bungalow to have such a complex built in its place.
I was recently informed by Jeff Behrendt of INForum.in that they have published their list of ” 15 Must Read Indian Blogs About Investing & Business “.
Like every other country in these exciting and demanding times, India too is changing and changing fast. But with economic prosperity comes the danger of burn out or working yourself to illness or worse still- death. A recent report from the Associated Chambers of Commerce & Industry in India ( ASSOCHAM) says work related ailments like heart disease, strokes and diabetes will cost India as much as $ 160 billion between 2009 and 2015.