India’s per capita spending on city development is $17 each year, just 15 percent of what China spends, according to a report released by McKinsey & Co. last month. India will have 68 cities with a population of more than one million people, 13 cities with more than four million people and 6 mega cities with populations of 10 million or more, at least two of which will be among the five largest cities in the world by 2030.
India produces about 10 percent less electricity than it needs. The roads, which account for 65 percent of India’s cargo, are plagued by single lanes and irregular surfaces, slowing trucks to an average speed of about 20 kilometers per hour, said a 2009 study by Transport Corp. of India and the Indian Institute of Management, Calcutta.
The average time taken by ships to unload and load at Indian ports is almost 96 hours, about 10 times longer than in Hong Kong, the government said in its latest annual economic survey. |
