Vision for Delhi - International Commercial and Cultural Hub

8/14/2019 Vision for Delhi - International Commercial and Cultural Hub

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Delhi International

Commercial and Cultural hub


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Delhi as an International Hub A completely different vision of the future

Built around core values (and not infrastructure)

Communities participation and Neighborhoods driven Environmentally friendly Age and gender sensitive

Having three key pivots Commercially dynamic and flexible Arts and Culture Integrating the modern with heritage


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Delhi 2050

Building an international hubaround Neighborhoods

Communities


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The Economy


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India will lead the world

Poised for economicleadership of the world

Leadership requires not just economic growthbut overall growth inknowledge creation:

Cultural Commercial

Spiritual


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Defining the leadersEvery leader country duringthe history of mankind havehad one or two anchor citiesthat power its rise:

Harappa and Mohenjodaro in The IndusValley

Alexandria and Cairo in Egypt

Rome in Ancient Europe

New York in The US, London in The UK

and Paris in France Shanghai, Hong Kong and Beijing in TheEast

All have invested inKnowledge and Cultural capital

Physical Infrastructure

Aimed at facilitatinginteractions of Local residents

National

International

The character of the city in turn leads the country in acertain direction


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A systematic and staggered

ApproachIndias Political Capital, North Indias commercial center,Growing Knowledge center

Indias commercial center, Center for Research, Culturalactivities center for arts

Asian commercial center, Cultural Hub, Knowledge Hub

2010

2020

2030

2050 International commercial center, Cultural Hub, KnowledgeHub

In 10 years

A truly inclusive, cosmopolitancity in name and spirit, Delhi, willlead Indias foray into superpower

status

In 20 years

Intellectual Domain

Cultural Domain

Commercial Domain I n f r a s

t r u c

t u r e

H u m a n

C a p

i t a

l

I n t e r a c

t i o n s

O p p o r t u n

i t i e s

f o r a l l


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Capital > Centre > Hub

2010 - 2020

Build a base -

Center of Knowledge,Culture andCommerce

2020 - 2030Become anAsian Hub

Centre - A point of attraction for businessvisitors and travelers

Hub place of concentrated activity from where ideasand influences spread


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Collaboration of communities and Government

Government asThe Anchor

Communities asThe execution

partners

BHAGIDARI

Citizens andVisitors- Enjoy the facilities- Have a good time

- Interact

Existing facilitiesscaled up

- Waterfront developed for recreation- Festivals organized andscaled to higher levels

- Old cities as tourismdestinations

Communities have a direct stake andresponsibility in managing, manningand running the facilities

The Government regulates, providessupport and encourages execution.

Ensures that communities directlyinvolved benefit the most in a transparentmanner employment opportunities,entrepreneurial opportunities, profitsharing ploughed back into development


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A lot of Economic Potential

82% Literacy Rate82% Literacy Rate 46% residents perceive Delhi to have better business/professional46% residents perceive Delhi to have better business/professionalopportunitiesopportunities Average Annual per capita earning = Rs. 78,660Average Annual per capita earning = Rs. 78,660

Average Annual per capita savings = Rs. 17,962Average Annual per capita savings = Rs. 17,962 Annual Household Saving = 22.3% of Annual Household EarningAnnual Household Saving = 22.3% of Annual Household Earning Employment growth rate = 5%Employment growth rate = 5% Credit growth rate = 16%Credit growth rate = 16% Deposit Growth rate = 17%Deposit Growth rate = 17% Market size Growth rate = 10%Market size Growth rate = 10%

Likely to be realized over the next two decades


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Growing Incomes

GDP growth, @ 10% paPer capita GDP growth,

@ 6% paIncome distribution moving

towards higher income categories

9 0

, 3 0 0 3

1 1

, 7 4 0

8 0 8

, 5 7

4

6 8

, 6 4 3

1 4 6

, 4 1 1

2 6 2

, 1 9 9

2007 2020 2030

GDP (Rs Crore)

GDP per capita (Rs)

Source: District GDP of India, Indicus Analytics

3.12 3.38

5.41

8

1.071.54

2.77

4.73

2006 2007 2020 2030

Households (million)

Households above 3L annual income(million)

Source: Market Skyline of India, Indicus Analytics


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Changing DemographyAnnual Household Income of Urban Households

Annual incomeRs. 1.5 to 3

lakh45%

Annual incomeRs. 75k- Rs.1.5

lakh7%

Annual income< Rs. 75k

2%

Annual incomeRs. 3 to 5 lakh

32%

Annual incomeRs. 500k- Rs.

1,000k9%

Annual income> Rs.1,000k

5%

Education / Literacy Level of Employed Individuals

Not Literate11%

Seco ndary orHigher

Secondary32%

Graduate orabove

19%

Literate B elowSecondary38%

The income bulge will shift to Rs 5L pa, Graduate segment will grow andthe age profile will be more towards the 25-50 years segment

The proportions willincrease in favour of higher income, better educated, relatively

younger people


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Challenges

Pressure of In migrationTransport Gridlock

Communication GridlockEnvironment

UtilitiesPedestrians/ Public transport

Legacy Laws

Housing shortageCongested roads and shortage of public transportEMploymentUnauthorized constructionsPollutionLack of drinking water Lack of safety and security in streets and even inside homesLack of public places for children, youth and elderlyNeed for more schools, colleges, hospitals


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The Way Forward in

Planning


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Framework for Analysis Goals and objectives

Guiding principles Employment and Economy

Requirement Analysis: How Delhi will evolve Communities, housing, transport, environment,

health, education, recreation (arts and culture,heritage), commercial centres, markets and fairs,sports, energy, water supply, sanitation, sewage,structure of the economy, revenues and expenditures.

Considerations - Opportunities and threats Developing principles and framework for Delhis

comprehensive plan


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Analysis Areas Changing Delhi forecasting/ prediction Setting precise objectives and goals Creating enabling institutions

Cooperation- Getting multiple institutions to work synergistically Land and Land usage planning Infrastructure required

Revenue generation and budgeting Problems of multiple governments

- Natural Growth - Objectives - Interaction - T&C - Public Space


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Analysis Output

A Comprehensive Study examining thenext two decades Evolving economic scenario

Changing demography Community participation & requirements Civic Service levels

Infrastructure Requirements forecasts Public Private partnership frameworks Legal and Regulatory


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Way Forward

Scale of Study Can be done in different scales

Surveys Experts Seminars and discussions

Pre and Post Time Frame


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Thank You

Vision for Delhi - International Commercial and Cultural Hub

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