In world's fastest-growing cities, India claims all top ten position; guess which city leads, & its not Bangalore
In world's fastest-growing cities, India claims all top ten position; guess which city leads, & its not Bangalore
The list of the world's fastest-growing cities in economic growth is out and there is a good news for all Indian across the world. According to the Oxford Economics report, India stands on all top 10 cities in economic growth and is set to dominate others over the next two decades.
Surprisingly, in the top ten list of fastest-growing cities, neither Bengaluru (Bangalore) nor Chennai leads in the list. Yes, it is India's diamond, Surat, Gujarat where diamond processing and trading centre is situated.
Surat will witness the fastest growth in the next 2 decades, 2035, averaging more than 9 per cent, Richard Holt, Oxford's head of global cities research, wrote in a report. All of the 10 fastest over that period will be in India, the report said.
While economic growth in several cities will remain rather short in comparison to the world's biggest metropolises. The aggregate growth domestic product of all Asian cities will exceed that of all North American and European urban centres combined in 2027, report claims.
By 2035, it will be 17 per cent higher, with the largest contribution coming from Chinese cities. While New York, Tokyo, Los Angeles and London will defend their spots as Shanghai and Beijing -- each boasting more than 20 million people, surpassing Chicago and Paris.
Eventually, Guangzhou and Shenzhen in Southern China will also make the top 10, crowding out Hong Kong. Meanwhile, the fastest growing African city is Tanzanian port of Dar es Salaam, in Europe--Armenian capital of Yerevan, according to the report. San Jose - a proxy for Silicon Valley -- will be lead as the best performer in North America.