In India today, younger generations are beginning to harvest the fruits of the country’s economic reforms and social transformation. The youth of India mirrors the great economic transformation the country is undergoing and over the past two decades the number of Indians living in poverty has decreased considerably. The number of Indians living abroad is estimated at 24 millions; their know-how and capital represent tremendous investment and development opportunities.
Recently, the real estate awakening in India has spanned in all directions even to several tier-two and tier-three cities. In such a rapidly sprawling scenario, these cities are becoming increasingly important as they extend the urban realm to the countryside and give opportunities for improvement and fast development of the infrastructures. Globally, this rapid urbanisation allows a new middle class to grow. This new middle class faces the country's huge shortage of properties, residences and leisure facilities.
Within 20 years, close to 40% of the population is expected to live in urban areas with great potential for wealth creation(*). Cities serve as engines for social development and job creation; people are increasingly leaving the countryside.
India’s innovative minds are applying modern technologies across the country, improving lives while generating economic wealth. Wealth creation is slowly crossing societal and physical boundaries across the nation.
(*) Credit Suisse private investor quaterly publication.
