The Indian School of Business (ISB) hosted the World Economic Forum (WEF) Young Global Leaders South Asia Meet recently. The two-day event was graced by distinguished personalities including Siddhartha Lal, Managing Director and CEO, Eicher Motors Limited, Ajit Mohan, Ex-Team Lead and Co-Author, McKinsey Urbanization Report, Srini Raju, Chairman of the Board, Sri City, Alok Kshirsagar, Director and Senior Partner, McKinsey & Company and Tanya Dubash, Executive Director and President (Marketing), Godrej Industries Limited, who debated on issues spanning from urbanisation and public policy, to economics of the poor.
The steep pace of urban migration is a concern for India. About 500 million people are expected to migrate to cities in the next three to four decades but the current infrastructure is inadequate to sustain this surge. According to Siddhartha Lal, the root cause for urban migration is the search for better opportunities. However, restricted access to basic amenities such as public transport prevents most people form participating in the transformation of the country.