NEW DELHI: 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.
Besides Surat, the other nine cities are Agra, Bengaluru Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.
The GDP of Surat 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 World between 2019 and 2035 will be from India.
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.
It also noted that outside of India, Phnom Penh is the fastest-growing city in the forecast, with Dar es Salaam the leader among the African cities.
The report is authored by eminent economist Richard Holt. (AGENCIES)
Follow our WhatsApp channel
