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Surat to be world's fastest growing city during 2019-35: Report

Press Trust of India  |  New Delhi 

Surat, renowned as a 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 in 2019-35 will be from

Besides Surat, the other nine cities are Agra, Bengaluru Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, and

The GDP of 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 between 2019 and 2035 will be from

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.

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

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

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

The report is authored by

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 citieseither today or in 2035," it observed.

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

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

Indonesia's capital 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 millionnudging ahead of Tokyo, which nonetheless remains at the top of our industrial output table, the report noted.

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

According to report, is the fastest-growing major European city, while just holds on to top place in

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

Top five largest cities by GDP in 2035 will be

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 19:45 IST
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