By 2030, urban population is estimated to rise to 631mn recording an annual increase of 2.6% as against an annual rise of 1.1% in the overall population. This would mean that 41.8 % of the population would be living in urban agglomerations as against 31% today.
This is equally important for endowing the young and expanding labour force in most of Asian countries with a modern and growing capital stock. In this respect, Asia (with the exception of China) has generally more favourable demographics than Europe.