ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Decoding India’s Mysterious Urbanisation

The notion that economic and urban population growth rates in India are moving in different directions holds for Class I towns but not for smaller towns. The slow urbanisation rate may be linked to rural fertility transition. Revising the population threshold for upgrading villages to new census towns can impact India’s urbanisation rate.

 

On 11 October 2022, at a news conference for the World Economic Outlook held in conjunction with the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, DC, Pierre-Olivier Gourinchas, the chief economist of the IMF, revised the growth rate for India for the year downward by 0.6 percentage points to the IMF’s June 2022 forecast “following a weaker output in the second quarter, and subdued external demand.” The forecast for the next fiscal year was held unaltered at 6.1% (Lakshman 2022). When Nirmala Sitharaman, the union finance minister, presented the Economic Survey report to the Lok Sabha on 31 January 2023, she also reaffirmed India’s economic growth as being between 6% and 6.8%. These statistics pique an academic curiosity for researchers in the field of urban studies and geography. More specifically, one is curious to see how the pace of economic growth in 
India is correlated with its urban population growth rate. 

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Published On : 29th Mar, 2024

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