While I was researching for my next post, I gathered some interesting data and plotted it on a graph.
The rise of vehicles in India started its hockey stick growth around 2010. Until then, the rate of urbanization was comparable to rate of rise in vehicles.
It seemed to have jumped a bit more post 2015.
The per capita income has not caught up with either of these.
So, what does this indicate?
1. Vehicle financing and loans has become easier.
2. People aspire to drive vehicles.
3. People may need personal vehicles due to inadequate public transport.
The graph(scaled) highlights a dangerous trend whatever be the reason.
Linear rise in urbanization is causing exponential rise in vehicles in our country. And it is not changing anytime soon.
