INDIA BUILDING, BHARAT RISING

In the latest data released by income tax department small tier-2 and 3 cities have overtaken the traditional powerhouses like Delhi, Mumbai and kolkata in terms of income tax collections.
Small cities of states known to be slow on development and growth like patna, merrut, Kanpur and lucknow have surprisingly shown income tax collection figures of as much as 91 to 95% growth in 2009-10. Delhi and Mumbai on the other hand have grown in the range of only 4 to 6 percent in this period


 This is a welcome new development from multiple points of view. First it shows that the metro cities have reached their saturation in terms of further growth and for future growth  companies have to look for these tier-2 and 3 cities.It’s a known fact that metro cities have been adding people to their population on a daily basis, most of these people come from either the rural hinterland in the form of unskilled daily wagers or from these very small towns and cities partly due to the lure of a better life and largely because of lack of job opportunities in their own backyard.
 Luckily from now on they can hope to get employment in their own city. This will help the metros in controlling the population explosion which they are witnessing at the moment and concentrate on building the kind of infrastructure which can truly make them livable and perhaps world class.


On a macro level, this new development also answers the criticism of in equal nature of Indian growth story. Whether you term it as the result of trickle down nature of capitalism or due to the saturation of metro cities, this new development will surely shift the focus away from Delhi and Mumbai for a while and give future entrepreneurs added hope and incentive to invest in the so called other India i.e. Bharat
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http://timesofindia.indiatimes.com/business/india-business/Tier-II-III-cities-power-nations-growth/articleshow/6615628.cms