Business

Boomtown India

A nationals Council for Applied Economic Reseach (NCAER) study predicts that snmall town India's economic boom will gain momentum over the coming decade.

Getting your Trinity Audio player ready...
Boomtown India
info_icon

Percentage of households (16.6% of allfamilies in 2 million plus towns earned less than Rs 22. 500 in 1994-95

THE POOR

Metros & other towns with population above 2 m

1994 - 95 : 16.6

2001 - 02 : 2.5

2006 - 07 : 0.2

Towns with population of 1 - 2 m

1994 - 95 : 26.8

2001 - 02 : 4.1

2006 - 07 : 0.4

Towns with population of 500,000 - 1m

1994 - 95 : 28.8

2001 - 02 : 8.1

2006 - 07 : 1.1

Smaller towns will show a far more stunning decrease in povefrty than the metros.

THE MIDDLE CLASS

Metros & other towns with population above 2m

1994 - 95 : 56.4

2001 - 02 : 40.6

2006 - 07 : 12.1

Towns with population of 1 - 2m

1994 - 95 : 56.2

2001 - 02 : 47.2

2006 - 07 : 20.4

Towns with population of 500,000 1 m

1994 - 95 : 55.4

2001 - 02 : 61.6

2006 - 07 : 45.2

The metros appear to be doing better here, with a larger percentage of householdsmoving up from the middle - classes, but a lot of middle class households in small - townIndia may have disposable income equal to upper - middle - class households in the metros.

THE UPPER MIDDLE AND THE RICH

Metros & other towns with population above 2m

1994 - 95 : 27.1

2001 - 02 : 56.9

2006 - 07 : 87.7

Towns with population of 1 - 2 m

1994 - 95 : 17.1

2001 - 02 : 48.2

2006 - 07 : 79.2

Towns with population of 500,000 1 m

1994 - 95 : 15.8

2001 - 02 : 30.3

2006 - 07 : 53.7

By 2006-07, the percentage of households in this segement will jump more thanfour and a half  times in towns of population between one and two million

ELASTIC VALUE
What RS. 1,000 is worth in the metros andmini metros(Mumbai = Rs 1,000)

Mumbai : 1,000

Delhi : 1,226.3

Pune : 2,135.6

Coimbatore : 2,441.9

Kochi : 2,616.8

Tags