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Surat will be fastest growing city in the world through 2035, says report

India is set to dominate the list of fastest growing cities by taking all the top ten spots

Bloomberg 

cities

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 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.

While economic output in many of those 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 per cent 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.

Indian cities

Photo: Bloomberg

New York, Tokyo, Los Angeles and will defend their spots as Shanghai and -- each boasting more than 20 million people -- surpass and Chicago. Guangzhou and Shenzhen in Southern 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 is held by the Armenian capital of Yerevan, according to the report. -- a proxy for Silicon Valley -- will be best performer in North America.

First Published: Thu, December 06 2018. 10:25 IST
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