India, Feb. 3 -- Urbanisation is both a driver and a result of economic development. Many economic and social activities thrive in these densely populated areas, with some inherently requiring the agglomeration of individuals and businesses to function effectively. The world has become increasingly urbanised, with over 50% of the global population living in urban areas by 2007. This represents a remarkable shift from 2% in 1800 to 15% by 1900, when there were only 250 million urban residents globally-just over half of India's urban population today. By the turn of the millennium in 2000, the global urban population had surged to 2.9 billion, an increase of 2.1 billion in just 50 years. Projections indicate that by 2030, nearly five billio...