Mumbai's Leap to Global Urban Economy by 2047

The Mumbai metropolitan region is set to become a global economic powerhouse by 2047, with projections of reaching a GDP of USD 1.2–1.5 trillion. The MMR plans transformative growth through infrastructure expansion and sustainable development, aiming to match the world's leading urban economies like Tokyo and London.

The Mumbai metropolitan region is on track to establish itself as a leading global urban economy by 2047. Officials from the Mumbai Metropolitan Region Development Authority (MMRDA) project a gross domestic product (GDP) ranging from USD 1.2–1.5 trillion and a population reaching 3.6 to 3.8 crore.

Director of Town and Country Planning, MMRDA, Shankar Deshpande, elaborated on a visionary masterplan that aligns MMR with top global economic hubs such as Tokyo and London. Significant infrastructure projects are underway to support this growth trajectory, including expanding the metro network and renewable energy initiatives.

A comprehensive urban infrastructure strategy is expected to attract substantial private investments and generate numerous employment opportunities, fostering regional economic diversification and enhancing the quality of life in the region. With a focus on sustainability and inclusivity, Mumbai is poised to reassert itself as a global powerhouse by India's centenary of independence.

(With inputs from agencies.)