We discuss the importance of sustainability, energy efficiency, and resource management to improve urban living, and yet we overlook a crucial challenge that has persisted throughout history. Since ancient times, transportation has served as the lifeblood of our cities. With the population constantly increasing, so does our reliance on accessible transportation. In fact, growth in population and the surge in vehicle numbers go hand in hand, leading to more traffic congestion and longer hours spent on roads.
According to recent reports from the United Nations, our global population is projected to reach 9.7 billion by 2050, with a significant majority about 68.4 per cent living in urban areas. In the case of India, the population, currently at 1.4 billion, is expected to surpass 1.5 billion by 2030. By 2047, nearly 51 per cent of the population would live in cities. These numbers are staggering and give us pause to consider the implications for our everyday lives.
Since 1950, India has seen its population increase by a billion. At the same time, the number of registered motor vehicles has also skyrocketed from a mere 300,000 in 1951 to over 326 million in 2020, as noted in the Road Transport Year Book 2019-20. This explosion in vehicle ownership has compounded the ageold problem of traffic congestion, turning our daily journeys into tests of patience and endurance.
Denne historien er fra May 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
Ratan Tata: The unlikely social media star
On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license.
Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.
RBI's inflation caution may halt FMCG rally
Analysts suggest buying quality stocks on dips for long term
Indices close marginally higher
Equity benchmark indices Sensex and Nifty settled higher on Thursday due to gains in banking, power, and industrial stocks amid a firm trend in global markets.
Oil gains after 2-day decline
Oil rose after a two-day decline as traders watched for an Israeli response to Iran's missile attack early last week, while US crude stockpiles expanded the most since April.
Pro-rata distribution mandate for AIFs likely to see tweaks
Final norms to ensure excuse, exclude provisions co-exist
Bernstein downgrades Indian stocks on valuation concerns
Bernstein Societe Generale Group's Asia quant strategists have downgraded Indian stocks due to valuations, while predicting further upside for Chinese equities on a policy boost.