According to a latest report by EY, Jaipur and Surat cities are all set to emerge as new metros with a combined household income of over Rs. 80,000-cr each by 2018 and this provides significant opportunities to entrepreneurs and marketers in multiple fields. These apart, eight new half metros will emerge by 2020 with a household income of Rs. 40,000-cr each. The report further reiterated that emerging new-wave markets are driving increased media penetration, surpassing metros in certain mediums. As a matter of fact, Jaipur and Surat are projected to record real GDP growth of 8.7 per cent and 10.3% respectively from 2015-20, relative to metros 8.3 per cent. Both cities will see total consumption levels reaching 75-80% of metros like Pune and Ahmedabad. The report further identifies 42 new-wave markets, which are expected to grow at 8.9 per cent. Non-metro growth is out-stripping that of metros in India. There are clear cases of unmet demand in India's top 50 cities in certain sectors, claimed Media and Entertainment Advisory Leader, EY India, Ashish Pherwani.
📅Published on:
18 March 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
