Posts
As per the CII – Mckinsey report title “Retaining the Edge: Sustaining India’s growth momentum” prepared
in 2011, South India has been a major driver of growth for India from
2000 to 2010, contributing to over 22 per cent of India’s GDP and 28 per
cent of its employment.
Comprising Andhra Pradesh, Karnataka, Kerala, Pondicherry, and Tamil Nadu, South India has been an economic powerhouse over the past two decades. Together, these states score higher than the national average across several social and economic indicators, with Tamil Nadu, Andhra Pradesh and Karnataka leading the fray. This outstanding performance in the decade of 2000 to 2010 –across manufacturing and services sectors – places the region in a strong position for further growth.
In another report by McKinsey on Global cities of the future, Kollam’s GDP will become almost 6times in 2025 compared to 2010 and reach 17 billion USD. The population of Kollam will also increase to 1,733,000 compared to 997,000 presently. In the case of Kochi the GDP is estimated to become 7X and reach 46 billion USD in 2025 compared to current figure of 7billion USD.
The rise of population and GDP in some of these cities signifies a trend towards rising real estate prices in the next 10 to 15 years.
You can read the entire report here. For more on how these developments can affect real estate in Kerala, contact nandanam consultants at www.nandanamconsultants.in
Comprising Andhra Pradesh, Karnataka, Kerala, Pondicherry, and Tamil Nadu, South India has been an economic powerhouse over the past two decades. Together, these states score higher than the national average across several social and economic indicators, with Tamil Nadu, Andhra Pradesh and Karnataka leading the fray. This outstanding performance in the decade of 2000 to 2010 –across manufacturing and services sectors – places the region in a strong position for further growth.
In another report by McKinsey on Global cities of the future, Kollam’s GDP will become almost 6times in 2025 compared to 2010 and reach 17 billion USD. The population of Kollam will also increase to 1,733,000 compared to 997,000 presently. In the case of Kochi the GDP is estimated to become 7X and reach 46 billion USD in 2025 compared to current figure of 7billion USD.
The rise of population and GDP in some of these cities signifies a trend towards rising real estate prices in the next 10 to 15 years.
You can read the entire report here. For more on how these developments can affect real estate in Kerala, contact nandanam consultants at www.nandanamconsultants.in
No comments:
Post a Comment