The growth in smartphone adoption was further fuelled by the government's push to position the country as a global hub for manufacturing and coax Apple and other leading brands to produce and export more phones from India.
The rural market grew at 5 percent in July-September (Q3) of 2019, which is one-fourth as compared to 20 percent growth in Q3 of 2018.
Speaking at the 'Raisina Dialogue' here, the housing and urban affairs minister said only 17 per cent of the Indians on the population base of 300 million lived in urban spaces in 1947.
The urban development minister today reviewed various ongoing projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) here.
The minimum balance limit news clashed with that of private sector banks charging for withdrawals above four free transactions, thus triggering a debate in social media. ICICI Bank, HDFC Bank and Axis Bank are charging a minimum of Rs 150 per transaction on deposits or withdrawal beyond the first four transactions.
"The Ministry of Housing and Urban Poverty Alleviation approved construction of 90,095 more affordable houses for the benefit of urban poor under Pradhan Mantri Awas Yojana (Urban) with an investment of Rs 5,590 crore and central assistance of Rs 1,188 crore," an official release said.
"India ranks top for having the greatest number of urbanites living without a safe, private toilet 157 million as well as the most urban dwellers practising open defecation 41 million," the report by WaterAid, a UK-based charity working in the field of safe water and sanitation, says.
"Agriculture is the basic culture of the country. I come from a farmer's family and I know the pain of the sector. Priority was not given to this sector and now the government is making all efforts to promote agriculture and is taking positive decisions in the interest of the farmers," he said.
One of the major initiatives taken by the Modi government, is to promote the policy of â€˜Housing for All by 2022‘. India has a shortage of 18.8 million urban homes for the 12th five-year R
The short duration programmes involve basic level, and, in some cases, advanced level courses in areas such as electrical repair, assistant motor mechanic for two-wheeler and four wheeler, welding, mobile repair and even cybersecurity, among others
The Emkay Confluence is aimed at assessing whether rural and urban discretionary spending has improved at the ground level and the likely future trajectory, says Dhananjay Sinha of Emkay Global Financial Services.
The Minister said under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), government plans to strengthen big cities first and smaller cities would be strengthened in the second stage.
According to the data provided by Minister of State for Housing and Urban Poverty Alleviation (HUPA) Rao Inderjit Singh in Rajya Sabha, as many as 864 project were approved as on July 15 this year under the scheme, which was launched in June last year.
The widely-propounded theory behind the rural slowdown is that it was caused by the back-to-back drought years in 2014 and 2015 but renowned consumer economy expert Rama Bijapurkar says there is a second culprit too.
The report states that in the last 24 months to June 2016, while urban inflation fell from 9 percent to 5.3 percent (compared with the two years prior), rural inflation declined from 10.1 percent to 6.2 percent.
About 60 percent of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas, sources said.
The first 'World Cities Report 2016 - Urbanisation and Development: Emerging Futures' report by UN Habitat said in India, urban areas already contribute more than 60 percent of the GDP and an extra 300 million new urban residents are projected by 2050, leading to a call by the Indian government to build 100 new cities over the period.
Union Minister Dharmendra Pradhan told the Lok Sabha that LPG coverage has been going up in the last few years and the overall coverage stood at 61.9 percent.
Anish Damania, CEO & Head - Institutional Equities at IDFC Securities says boost to urban income via the 7th Pay Commission and OROP will be a positive for sales growth.
In a step towards development, government aims to develop 300 rurban clusters under the Shyama Prasad Mukherjee Rurban Mission and announces 100 percent village electrification by 1st May, 2018.
Naidu reviewed implementation of Smart City Mission, AMRUT, Swachh Bharat Mission, Heritage Development and Augmentation Yojana (HRIDAY), Prime Minister's Awas Yojana (Urban) and capacity building of urban local bodies, according to a release.
CNBC-TV18's Farah Bookwala caught up with Saugata Gupta, CEO & MD, Marico, here is a slice of that exclusive conversation.
Godrej Consumer's MD Vivek Gambhir says rural growth has been hit by high inflation and deficient rains. But the overall impact for Godrej Consumer could be cushioned because of its geographical mix as 70 percent of sales comes from urban markets and only 30 percenty from rural markets.
Chairman Harsh Mariwala says Marico sees 25 percent of its turnover coming from rural India, while the balance comes from urban areas. Going ahead, he is hopeful that urban demand will start picking up soon
The company has launched three models of gravity-fed water purifiers, priced between Rs 1,499 to Rs 2,199, Panasonic said in a statement on Tuesday. Panasonic has plans to export these affordable range of water purifiers to other developing economies.