‘Mumbai’ to be the next mega-city – Times of London

A new mega-cities could be in the offing.

In a landmark report, the International Council of Economic Research (ICER) on Thursday said Mumbai, a hub of commerce, finance and tourism, could soon be home to 1.5 billion people.

Its analysts said Mumbai’s rapid growth and diversification, with its large population, would be key to its success.

The report by the ICTR and the Institute of Public Policy Research at Jawaharlal Nehru University (IPPR), said Mumbai is now the world’s most densely populated city and the capital city with the highest population density of any major metropolitan city in the world.

“The rapid growth of the city has seen its population growth more than double from 6 per cent to 10 per cent over the past three decades,” it said.

India’s urban population has been increasing steadily since 2000, with an average annual increase of 6 per 1,000 people over the last decade.

According to the IPR, the population of the capital was 6.8 crore in 2013, the latest year for which figures are available.

Of the 10 metropolitan areas, four are in the northeast, while the others are in western, central and eastern India.

Mumbai’s population is forecast to reach 8.3 crore by 2050, it said, a figure that will surpass the city’s population of 4.5 crore as of 2018.

It said Mumbai will become India’s second-largest city after Delhi by 2023.

With more than 100 million residents, Mumbai is one of the largest cities in the country.

ICER estimates that Mumbai’s population will double to 2.4 billion by 2050.

A large part of Mumbai’s urban development is concentrated in the city centre, with the population growth in the core city accounting for 70 per cent of the total population growth.

Some of the areas of Mumbai that are in dire need of development are the Mumbai-Ahmedabad-Thane, Mumbai-Rome, Mumbai, Bhiwani-Bhubaneswar, Kolkata-Ahmadabad and Kolkatta-Thiruvananthapuram areas.

While the city is home to many businesses, its commercial centre is still dominated by the financial sector.

Indian cities like Mumbai, Delhi, Bengaluru, Chennai, Mumbai and Kailash Kumar have all been hit hard by the global financial crisis, the report said.