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World’s fastest growing cities: All top 10 are from India

Little will change at the top of the list of the world’s biggest cities between now and 2035.

By: Bloomberg |
Updated: December 9, 2018 6:55:41 pm
fastest growing cities, oxford economics, cities for economic growth, Indian cities growth rate, Oxford economics survey, Indian express, latest news All of the 10 fastest over that period will be in India. (Express Photo by Vishal Srivastava)

When it comes to the top 10 cities for economic growth, India is set to dominate over the next two decades, according to Oxford Economics.

Surat, a diamond processing and trading center in the western state of Gujarat, will see the fastest expansion through 2035, averaging more than 9 percent, 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.

fastest growing cities, oxford economics, cities for economic growth, Indian cities growth rate, Oxford economics survey, Indian express, latest news (Source: Oxford Economics)

While economic output in many of those Indian cities will remain rather small in comparison to the world’s biggest metropolises, aggregated gross domestic product of all Asian cities will exceed that of all North American and European urban centers combined in 2027. By 2035, it will be 17 percent higher, with the largest contribution coming from Chinese cities.

Little will change at the top of the list of the world’s biggest cities between now and 2035.

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New York, Tokyo, Los Angeles and London will defend their spots as Shanghai and Beijing — each boasting more than 20 million people — surpass Paris and Chicago. Guangzhou and Shenzhen in Southern China will also make the top 10, crowding out Hong Kong.

The fastest-growing African city is the Tanzanian port of Dar es Salaam, while the top spot in Europe is held by the Armenian capital of Yerevan, according to the report. San Jose — a proxy for Silicon Valley — will be best performer in North America.

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First published on: 09-12-2018 at 06:51:40 pm

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