According to a recent report by Global Industry Analyst, the global smart city market accounted for USD 955.3 billion in 2017 and is expected to reach USD 2,700 billion globally by 2024 with a CAGR of around 16% between 2018 and 2024. It is not only the accelerated growth and the resultant job creation/economic revival […]
Month: March 2019
An update on the Smart Cities’ Projects in India
In this update on Smart Cities, India, we bring to you the developments that have taken place over the last one year. Work in progress: After three years of implementation, projects under the Smart City program have been sluggish. As of March 2018, 92 cities had formed their Special Purpose Vehicles, the agency that carries […]
The Current Global Economic Trends
The International Monetary Fund (IMF), in its latest World Economic Outlook, has pared the global growth forecast from last October’s estimate. The global economy is now projected to grow 3.5% in 2019 and 3.6% in 2020, 0.2 and 0.1 percentage points below the last estimate. The projection is backed up by a list of downside […]