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 percent, Richard Holt, Oxford’s head of global cities research. All of the 10 fastest over that period will be in India.
The economic output of these cities may remain small compared to the world’s biggest metropolises, but the cumulative GDP of Asian cities will exceed that of North American and European urban centres combined in 2027, the report says. By 2035, it will be 17 percent higher, with the largest contribution coming from Chinese cities.
Agra and Bengaluru take the second and the third spot, respectively, followed by Hyderabad and Nagpur.