Moneycontrol PRO
HomeNewsBusinessEconomyNumber of million-plus cities to jump 50% in 2024: SBI Research

Number of million-plus cities to jump 50% in 2024: SBI Research

The number of elderly people is also set to rise, with the elderly population crossing 150 million, an increase of 46 million from 2011

September 24, 2024 / 17:58 IST
India may have over 150 million old people in 2024, says SBI Research

The number of million-plus cities is expected to rise to 75-80 in 2024 compared with 52 in the 2011 census and 18 in 2001, SBI Research said on September 24.

In its report “Precursor to Census 2024: The Fine Prints of a Rapidly Changing Nation”, SBI researchers noted that population of people living in urban centres is set to rise to 35-37 percent in Census 2024 compared with 31.1 percent in 2011.

“Apart from UTs, Goa and Kerala are highly urbanised while among major states, Tamil Nadu continues to be the most urbanised state with 54% of the population living in urban areas followed by Maharashtra (48.8%) which leads in absolute number of persons living in urban areas,” SBI research said.

The number of elderly people is also set to rise, with the elderly population crossing 150 million, an increase of 46 million from 2011.

“The share of elderly population will be around 10.6% in 2024,” it said, noting that medical/tertiary care in states “would need a significant boost to cater to the demands of older people on lifestyle / medical grounds.”

UP, Maharashtra, West Bengal and Tamil Nadu will add nearly a third of the elderly population.

The SBI Research also noted an increase in the median age to 28-29 from 24 in 2021.

“The demographic dividends can be huge and a growth multiplier in the coming decade for us thus!” it said.

Ishaan Gera
first published: Sep 24, 2024 05:58 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
CloseOutskill Genai