India is an emerging economic
powerhouse. India's economic success story began
in the 1990's with the liberalization of its economy.
From being referred to as a " land of snake
charmers, elephants and maharajas", India alongwith
China is the cynosure of all eyes around the world.
The boom in the Indian economy has led to the rise
of a new affluent middle and upper-middle class
who have a large spending power. India is home to
a rising number of billionaires and many of them
have made it Forbes World Top 250 billionaire list.
There has been an increase in the numbers of cars
on the road and the reach of telephones. People
are lapping up FMCG products like never before.
There are some cities of India like Delhi, Bangalore,
Pune, Hyderabad and others which have grown at a
tremendous pace. Some of these major cities of India
have also witnessed a phenomenal increase in the
per capita incomes of people. With a population
of some 1,027 million people, India is now the second
country in the world, after China, to cross the
one billion mark. The United Nations now estimates
that by 2050 India will have overtaken China as
the most populous country in the world. Today, Indians
make up 16.7 per cent of the world’s population
with an annual growth rate of close to two per cent.
China's annual population growth is only one per
cent, while the world population is growing at an
annual rate of 1.4 per cent.
About a quarter of India's population is urban.
Numerically that is about the whole population of
USA. At least 23 Indian cities have over million
residents. Delhi, Calcutta, Mumbai and Chennai are
the four main cities of India. The first three cities
have over 10 million residents each. Tourist Destination
India. Delhi is actually comprised of two cities,
Old Delhi and New Delhi, which is the capital of
India. Delhi has a large number of historical monuments
and is probably the city with the largest number
of historical monuments in the world. Calcutta was
considered in the past as the center of Indian culture
and intellectuals. Some of the famous modern India
philosophers, like Swami Vivekananda, were centered
in Calcutta. Today Calcutta is seen as the most
polluted and poverty stricken city of India. Calcutta
was also the most populated city of India. In the
early 1990s Mumbai became the most populated city
of India and is in many fields the center of India.