While rapid urbanization, increased pollution, and traffic congestion have long since called for more efficient transport systems in India and around the globe, COVID-19 has accelerated changes that will fundamentally alter the mobility landscape. The transition from conventional to smart transport systems is no longer a need but an imperative. Yet, as the sector presents itself as a hotbed for opportunities and innovation, players must dig deep to understand what they want future transport to deliver.
According to TERI, India’s urban population is expected to grow from 410 million in 2014 to 814 million by 2050. The 2011 census revealed that 31% of the population lived in urban areas, and by 2025 46% of Indians are expected to live in cities with more than 1 million people. The number of cities with populations of more than 1 million will grow from 42 to 68 by 2030 (McKinsey) and in 2050 urban India will be home to 14 percent of the world’s urban population (ResearchGate).
+INFO: Drive Express