India’s demographic dividend and a sharp rise in working population would be some of the contributing factors that would enable the country to achieve projected GDP of USD 9 trillion and per capita income of USD 5,625 by 2030.
By 2030, urban India will account for nearly 75% of the GDP and Indian cities will act as engines of economic growth for the country’s built environment.
The Indian economic transition and workforce expansion will also offer vast development and investment opportunities for the real estate sector.
On the other hand, a high density of population and fast-paced economic growth has made India extremely susceptible to climate change; however, the country is working towards minimising this impact by launching several green initiatives at the national, state and local level.
Technology is also fundamentally changing the way Indians live and work. By 2025, the digital economy is expected to account for approximately 18-23% of the total GDP.