Surat, renowned as a diamond processing 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 world in 2019-35 will be from India.
The GDP of Surat will see an average growth rate of 9.2 per cent over the 2019-35 period.
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 world between 2019 and 2035 will be Indian, with Bengaluru (Bangalore), Hyderabad, and Chennai among the strongest performers," said the report.
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.
Indonesia's capital Jakarta 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.
Lima's GDP growth is forecast to be strongest among large Latin American cities, it said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)