Map of india showing people with ownership of all four assets - television, computer/laptop, scooter/car and telephone/ mobile phone.
With 20 per cent of India's population still lives below the poverty line. What will smart cities mean to India?
Twenty years hence, the 2011 census shows that only 4.6 per cent of India's population has ownership of all four assets - television, computer/laptop, scooter/car and telephone/ mobile phone.
While the limiting asset is computer with only 9.5 per cent ownership, 21 per cent owns a scooter and 63 per cent owns a phone.
Click on the image to enlarge:
How projections go wrong !
The year 1991 was a landmark in India's economic and political history. And by throwing its doors open to the foreign world, it created two myths - the great Indian middle class and the great Indian growth story. But myth was soon busted when the 300 million middle-class figure projected in 1991 actually stood at 30 million. According to the standards set by the Asian Development Bank, members of the middleclass consume on average $2- $20 a day.
Is the vulnerable middle- class who consumes $2 a day better fitted to be called the middle-class? Or the middlemiddle class who spends $4-$10 a day? Or, the upper-middle class who can afford expenditures of $10-$20 a day?