As envisioned, a Smart City will provide a nucleus around which growth will pick up in concentric circles. Port cities will fuel the growth tremendously as trade to GDP ratio spirals up. Growth will also follow a dendritic pattern with projects like Delhi-Mumbai Industrial Corridor beginning to mushroom... The transport sector, in such a scenario, holds immense possibilities for the Indian economy.
The International Monetary Fund (IMF) has projected India's growth to leapfrog that of China by 2016, and the report has gained wide press. But this report, in our opinion, is no reason for India to celebrate. The first and the most obvious argument behind our assertion is that the numbers released by the IMF show little more than China's decline. India's ascent cannot be stated as convincingly.