In 2023, the population in India's urban agglomerations with more than 1 million people was significantly populous, setting the baseline for future growth. From 2024 to 2028, projections show a steady increase, with the population percentage rising from 16.88% to 18.02%, indicating a strong urbanizing trend. Over the past two years, the year-on-year growth rates are 1.66% and 1.69%, showcasing consistent urban expansion. The compound annual growth rate (CAGR) over the five-year period is approximately 1.69%, reflecting an ongoing shift towards urban living.
Future trends worth monitoring include the impact of government policies on urban infrastructure development, the influence of technology and smart city initiatives, and migration patterns driven by employment opportunities. Understanding these factors will be critical to managing and sustaining urban growth efficiently in India.
