Have your say and vote for your favorite in our global Facebook poll.
Mumbai getting richer while staying poorer
A new report says that, despite increasing affluence, Mumbai's slum population is still way out of proportion
Some Mumbaikers are flying high. Others seem to be going nowhere.One road in Mumbai could house the owner of a brand new Audi, as well as the owner of a rusty bicycle. The city's ubiquitous disparity of income and standards of living are highlighted in a recent Human Development Report compiled by the BMC and UNDP. As reported in "The Times of India," in the country's financial capital one in two Mumbaikers are slum dwellers, a ratio that is higher than the world average of one in three persons living in slums.
At odds with this statistic is one suggesting that the per capita net income of a Mumbaiker is twice the country's average. A recent forecast from Price Waterhouse Coopers anticipates Mumbai will be among the richest cities in the world in just over a decade. Does this mean economic growth will become more equitable or more disparate?
At odds with this statistic is one suggesting that the per capita net income of a Mumbaiker is twice the country's average. A recent forecast from Price Waterhouse Coopers anticipates Mumbai will be among the richest cities in the world in just over a decade. Does this mean economic growth will become more equitable or more disparate?
