urban population in india 600 million

Urban Population in India 600 million

India has traditionally relied on investments from Japan, South Korea, Europe and the US.Noting that Malaysia has worked a lot on affordable housing, Modi said its companies can work in this area since the Indian government is aiming for every Indian to have a home by 2022.India needs about 19 million low-cost homes to cost roughly around a million rupees ($16,700) and below – to shelter an urban population expected to nearly double to 600 million by 2030 from 2011, says a report by consultants Deloitte.The Central Bank of India said in August it is tweaking its policies recognizing the need for affordable housing. As part of the recent policy measures, the central bank has allowed long-term bonds raised by banks for

infrastructure lending to be exempted from mandatory reserve requirements.India-Malaysia trade stood at $12.3 billion in the January to November 2013 period, compared to Malaysia—China trade of $95 billion during the same period. The Chinese Central Bank said on Monday that China and Malaysia had signed a deal to set up a Yuan clearing bank based in Kuala Lumpur, the first of its kind for the country.

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