Palava is a city on the brink of exponential growth with an annual GDP of 60,000 crores (by 2025). Direct consumption (of goods and services) within the city will grow from 3,500 crores in 2015 to 12,000 crores by 2020, and to 25,000 crores by 2025. The consumers can be divided into three major groups:
Citizens: With over 1,00,000 residents by 2025, and an average annual household income of over Rs. 10 lacs, there will be a high demand for a range of goods and services – household durables, consumables, entertainment, professional services, financial investments and so on.
Entrepreneurs and businessmen: With over 3.5 lacs job openings (by 2025), the city will attract millions of job seekers, entrepreneurs, and high-ranking executives.
Tourists: With waterfronts, expansive green areas, a cultural centre designed by a renowned architect, Palava will attract tourists from the vicinity, and the world, boosting the city’s economy.