India needs to build 500 new cities urgently to provide better quality life to its migrating people, global management guru Prof C K Prahalad said.

"India needs to build a minimum of 500 new cities urgently. However, it has to be done from scratch to accommodate people who are on the move and to provide them better quality life," he said.

"Otherwise every existing city will become a slum when India becomes 75 in 2022," he said speaking at the first annual United World Colleges lecture series -'The United Wheels of Change' on Thursday night.
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