Indian Cities to Dominate Others in Economic Growth by 2035Hot Buzz

December 06, 2018 05:30
Indian Cities to Dominate Others in Economic Growth by 2035

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India is geared up to dominate in the category of economic growth over the next two decades when it comes to top 10 cities, according to Oxford Economics.

Surat, a diamond processing and trading center in the north-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. 

Read: Bengaluru has Third Highest Number of Startups Globally

Although 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. 

European-urban-centers-combined-in-2027ImageSource: Economic Times

worlds-biggest-cities-between-now-and-2035ImgeSource: Economic Times

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

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

-Sowmya Sangam

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Tagged Under :
Indian cities  India  economic growth