According to Oxford Economics, the top ten cities in terms of economic growth over the course of the next two decades will be dominated by India. As per the report published by Bloomberg, a research conducted by Richard Holt, Oxford’s head of global cities research, concluded that Surat, commonly known as the diamond hub which is situated in the state of Gujarat, will witness the fastest expansion through 2035, averaging more than 9 per cent.
According to the report, India will showcase its dominance in the world as all of the 10 fastest growing cities over that period (2019-2035) will be in India. According to the research, the fastest-growing cities, during the said period, in the world will be Surat, Agra, Bangalore, Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, Chennai, Vijayawada.
As per the report, the economic output in many of those Indian cities will remain rather small in comparison to the world’s biggest metropolises. However, the aggregated gross domestic product of all Asian cities will exceed that of all North American and European urban centres combined in 2027.
Whereas the list for the biggest cities in the world between now and 2035 will witness a small change, with the world’s biggest cities New York, Tokyo, Los Angeles and London will defend their spots as Shanghai and Beijing will overtake Paris and Chicago. Guangzhou and Shenzhen in Southern China will also make the top 10, replacing Hong Kong.