INDIA -2030

India is changing both at an economic level and at a deeper level in terms of attitudes, values and behavior of the people. Obviously, there are generational changes as nations evolve but the pace at which it is happening amongst Indian consumers in terms of their attitudes, values and behavior is breathtaking. The major factors which are causing this tectonic shift are changes in demographics, increase in empowerment of certain segments of society, global exposure, improvement in infrastructure and worries about health and sustainability. These changes will be reflected in terms of how identities will evolve – how confident and free do Indians feel in being able to express themselves and hence what will they seek to stimulate their senses. Will technology enable or disable relationships or the very nature of relationships will change? How will Indians deal with creativity – will it be a part of their DNA? And finally, what parameters will define well-being and how willing will the Indian consumer be to pursue it.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.”Growth will naturally slow as India becomes more economically developed, with the annual GDP growth expected to sink to 5.8 per cent in 2035.” “This growth trajectory will see India become the world’s third largest economy by 2030, overtaking the UK in 2025, Germany in 2027 and Japan in 2030,”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.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.