India to have 17 out of 20 fastest-growing cities globally between 2019-2035: Report
“17 of the 20 fastest-growing cities on this planet between 2019 and 2035 can be Indian, with Bengaluru (Bangalore), Hyderabad, and Chennai among the many strongest performers,” the report mentioned.
Topping the record is Surat which is a serious diamond buying and selling and processing centre and in addition has a robust presence of IT firms.
Second on the record is Agra adopted by Bengaluru and Hyderabad. Different cities within the high 10 ranks embrace Nagpur, Tirupur, Rajkot, Tiruchirappalli, Chennai, and Vijayawada.
When it comes to GDP in 2035, Bengaluru, Mumbai and Delhi determine within the high 10 record with projected GDP progress at 8.5 p.c, 6.6 p.c, and 6.5 p.c respectively.
In accordance with the report, Bengaluru which is named a know-how hub will develop quickly. Therefore, it tops the record of world’s high 10 cities in 2035 when it comes to GDP progress.
“By 2035, the mixed GDP of Indian cities will nonetheless be very small in contrast with the Chinese language (or certainly, North American and European) cities. Nonetheless, when it comes to GDP progress, it’s Indian cities which can be the star performers in our forecast,” mentioned Richard Holt, head of world cities analysis at Oxford Economics in a report by The Occasions of India.
The report by Richard Holt says that in 2027, the combination GDP of all Asian cities within the forecast will for the primary time exceed the mixed GDP of all North American and European cities.
By 2035, the report tasks, it will likely be 17 p.c larger, with Chinese language cities alone producing extra output than all cities in both North America or Europe.
Nonetheless, New York will stay the biggest city financial system on this planet in 2035 with the biggest finance & enterprise companies sector.
It is going to be adopted by Tokyo and Los Angeles, with Shanghai tied with London for fourth place. Paris will slip within the GDP rankings, the report added.