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India's 10 fastest growing cities; Surat tops

Source: PTI
Last updated on: December 07, 2018 22:36 IST
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Besides Surat, which will also be the world's fastest growing city during 2019-35, the other nine cities are Agra, Bengaluru Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.


IMAGE: Surat's textile district Ring Road.Photograph: Courtesy, Kunvar Ajay & Manoj Patel/ Wikimedia Commons

Surat, renowned as a diamond processing and trading hub in Gujarat, would be the world's fastest growing city in the 2019-35 period, according to a global economic research report.

The report prepared by Oxford Economics, which is engaged in global forecasting and quantitative analysis, further said all the top ten fastest-growing cities in the world in 2019-35 will be from India.


Besides Surat, the other nine cities are Agra, Bengaluru, Hyderabad, Nagpur, Tirupur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.


IMAGE: The Taj Mahal in Agra.Photograph: Cathal McNaughton/Reuters

The GDP of Surat will see an average growth rate of 9.2 per cent over the 2019-35 period.

According to the report, as many as 17 of 20 fastest-growing cities in the World between 2019 and 2035 will be from India.

The report on future of global cities said for the first time in 2027 the aggregate GDP of all Asian cities will exceed the combined GDP of all North American and European cities.


IMAGE: Bengaluru city skyline showing UB City to the left and Richmond Town to the right.Photograph: Courtesy, Muhammad Mahdi Karim/Wikimedia Commons

"When future GDP growth rates are compared, the story is mostly very different.

"In particular, 17 of the 20 fastest-growing cities in the world between 2019 and 2035 will be Indian, with Bengaluru (Bangalore), Hyderabad, and Chennai among the strongest performers," said the report.


IMAGE: Charminar, has become a global icon of Hyderabad.Photograph: Courtesy, Hari Om Prakash/Wikimedia Commons

It also noted that outside of India, Phnom Penh is the fastest-growing city in the forecast, with Dar es Salaam the leader among the African cities.

The report is authored by eminent economist Richard Holt.


IMAGE: Sitabuldi Market, one of the busiest commercial areas of Nagpur.Photograph: Courtesy, Gppande/Wikimedia Commons

Within Asia, the largest contribution to growth will come from Chinese cities, the report said, adding that in contrast, Indian cities remain small in GDP terms.

"While their economies will grow fast, and in some cases their populations are huge, their overall output levels do not begin to compare with those of Chinese cities either today or in 2035," it observed.


IMAGE: Employees sew clothes at the Estee garment factory in Tirupur.Photograph: Mansi Thapliyal

According to report, New York will still be the largest urban economy in the world in 2035 with the largest finance & business services sector.

It will be followed by Tokyo and Los Angeles, with Shanghai now tied with London for the fourth place. Paris will slip in our GDP rankings, it added.


IMAGE: Triumph of Labour statue, Chennai.Photograph: Courtesy, Rasnaboy/Wikimedia Commons

Indonesia's capital Jakarta will enter the top league of industrial cities, rising to eighth in the 2035 industrial output ranking.

By then it will also boast the world's largest urban population at 38 million nudging ahead of Tokyo, which nonetheless remains at the top of the industrial output table, the report noted.


IMAGE: Kings Plaza is located in the heart of Rajkot called Yagnnik Road.Photograph: Courtesy, Viralmkothari/Wikimedia Commons

Fellow Japanese cities Osaka-Kyoto and Nagoya will, however, make way for the Chinese cities of Chongqing, Shenzhen and Tianjin, with Houston the fifth largest industrial city in 2035.

According to report, Stockholm is the fastest-growing major European city, while San Jose just holds on to top place in North America.


IMAGE: Jambukeswarar Temple, Thiruvanaikava is a famous Shiva temple in Tiruchirapalli.Photograph: Courtesy, Ssriram mt/Wikimedia Commons

Lima's GDP growth is forecast to be strongest among large Latin American cities, it said.


IMAGE: A view of PVP Mall on M G Road, Vijayawada.Photograph: Courtesy, Anandpvp/Wikimedia Commons

Top five largest cities by GDP in 2035 will be New York, Tokyo, Los Angeles, London and Shanghai.

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