MGI says India’s urban population could balloon to 590 million

MGI says the Indian economy is expected to be five times greater by 2030, with urban centers being the key driver of this growth. It projects India’s labor force to increase by 270 million—70 percent of that coming from urban jobs. This mass of people will likely demand better housing, better roads, better goods— in all, a higher quality of life than what’s been available to them in the past. The resulting pressure this could have on commodity demand is the X-factor that we believe makes this cycle different than anything we’ve experienced in the past. You can download the full report at McKinsey’s Web site.
(http://dailyreckoning.com/india%e2%80%99s-urban-future/)