Cities are engines of economic growth around the world, and
India is no exception. Some recent reports from
international consultancies shed light on India’s emerging
cities, and the huge role they will play in the country’s
economic future.
The established metros – Mumbai, Delhi, Kolkata and
Chennai – are traditionally top-of-mind for foreign
companies wishing to enter India. These have been joined by
relative new-comers like Bangalore, Ahmedabad and Pune as
attractive business destinations. But India’s urban
landscape is much larger than this. India has 42 cities with
a population of more than 1 million people. By comparison,
Europe has 35.
For New Zealand companies attracted to India, it makes sense
to look at opportunities outside the top tier of Indian
cities. With the more developed markets of the big metros
comes stiffer competition and higher costs (rents,
professional services, traffic congestion). And the scale
needed to serve these markets may be beyond...