All of the top 10 fastest growing cities in the world are in India - World Economic Forum

abhay

MPA (400+ posts)
All of the top 10 fastest growing cities in the world are in India

large_CBGr4XG4BW-VPcHesSRgeVGrxx6fQ9dyQGgpeGTFc9A.jpg

A view of Bandra-Worli sea link is seen over the Arabian Sea in Mumbai, India,

Alex GraySenior Writer, Formative Content

Think of the world’s wealthiest cities: New York, Tokyo, Los Angeles and London probably spring to mind. But based on annual gross domestic product (GDP) growth Asian cities – particularly those in India – are powering ahead of other urban economies.

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The top ten fastest growing cities are all in India
Image: Oxford Economics

According to research institute Oxford Economics, all the top 10 fastest-growing cities by GDP between 2019 and 2035 will be in India.

Surat, a large city in the northwestern state of Gujarat, will have the fastest economic growth in the world.

Surat is renowned as a diamond processing and trading centre, but it also has a strong IT sector, says the report, which predicts that the city will see an average annual GDP growth rate of 9.2% from 2019 to 2035.

In second place is Agra – home of the Taj Mahal – which will grow by 8.6% year on year.

Bengaluru – known as India’s Silicon Valley because of its booming tech and start-up scene – will grow 8.5% year on year by 2035, putting it in third place.

Hyderabad, another Indian tech hub, is in fourth place with 8.47% growth. The southern city is also home to the country’s first IKEA store.

Outside of India, Phnom Penh, the Cambodian capital, will see the fastest growth at 8.1%, while Dar es Salaam, a major port city on Tanzania’s Indian Ocean coast, will lead African cities with 7.8%.

The study looked at 780 cities and estimated that the world’s major urban economies will grow by 2.8% a year.

Its authors say cities will drive the growth of the global economy, which they project will expand by 2.6% per year.

From West to East
Image: Oxford Economics
India’s dominance of the list of fastest-growing cities illustrates the broader theme of the tipping of economic might from West to East, the authors argue.

They forecast that as early as 2027, the combined GDP of all Asian cities will exceed that of North American and European cities together. By 2035 it will be 17% higher.

China is leading the charge: it will have four cities – Shanghai, Beijing, Guangzhou and Shenzhen – in the top 10 for GDP in 2035. Today, only Shanghai appears on that list.

Compared to other Chinese cities, Shanghai has a more liberal and free-market economy, along with stronger international business connections, the report says, highlighting that China wants to develop the city into a major pan-Asian financial centre.

Beijing will benefit the most from China’s Belt and Road Initiative, while Guangzhou is the clear winner in the Pearl River Delta region, a vast urban area adjacent to the South China Sea with easy access to many of China’s main trading partners.

Have you read?


Growth story of the decade

gAFmB7c-8ltSfdRpbX2SqA8Jvnl-3-ESYDyac6j0bEM.JPG


India ranks 58th on the World Economic Forum’s Global Competitiveness Index

Image: World Economic Forum

In its latest economic forecast, the IMF says that India's economy is set to grow faster than China's this year, at a rate of 7.4% in 2019 compared to China’s 6.2%.

With a favourable demographic profile and a large and growing consumer market, India is likely to be the most compelling growth story of the decade.

India now makes up 15% of global growth, fueled by reforms, foreign investment and strong domestic demand.

The country ranks 58th out of 140 economies in the World Economic Forum’s latest Global Competitiveness Report, up five places from 2017.

It scores particularly strongly in innovation capability. However, corruption is still an issue, hampering business along with difficulty in accessing finance and high tax rates.

Despite the speed of growth of Indian cities, they remain relatively small in terms of economic output.

Surat's projected $2.7 billion GDP in 2035 is dwarfed by New York’s $2.5 trillion or Tokyo’s 1.9 trillion.

This means that little is likely to change at the top of the list of cities with the largest GDP between now and 2035.

 
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Aslan

Chief Minister (5k+ posts)
Western Europe,America,Canada and Japan are fully developed countries.They can sustain their economies and life styles with growth rates of around 3%.India like other developing countries is decades behind.Even with high growth rate it will take Indian many decades to catch up.
 

babulal

MPA (400+ posts)
All of the top 10 fastest growing cities in the world are in India

large_CBGr4XG4BW-VPcHesSRgeVGrxx6fQ9dyQGgpeGTFc9A.jpg

A view of Bandra-Worli sea link is seen over the Arabian Sea in Mumbai, India,

Alex GraySenior Writer, Formative Content

Think of the world’s wealthiest cities: New York, Tokyo, Los Angeles and London probably spring to mind. But based on annual gross domestic product (GDP) growth Asian cities – particularly those in India – are powering ahead of other urban economies.

BJqeVFuN7x9hTiaYSH-AV1zqHtXw-3IV0IhT9zlu3lk.JPG


The top ten fastest growing cities are all in India
Image: Oxford Economics

According to research institute Oxford Economics, all the top 10 fastest-growing cities by GDP between 2019 and 2035 will be in India.

Surat, a large city in the northwestern state of Gujarat, will have the fastest economic growth in the world.

Surat is renowned as a diamond processing and trading centre, but it also has a strong IT sector, says the report, which predicts that the city will see an average annual GDP growth rate of 9.2% from 2019 to 2035.

In second place is Agra – home of the Taj Mahal – which will grow by 8.6% year on year.

Bengaluru – known as India’s Silicon Valley because of its booming tech and start-up scene – will grow 8.5% year on year by 2035, putting it in third place.

Hyderabad, another Indian tech hub, is in fourth place with 8.47% growth. The southern city is also home to the country’s first IKEA store.

Outside of India, Phnom Penh, the Cambodian capital, will see the fastest growth at 8.1%, while Dar es Salaam, a major port city on Tanzania’s Indian Ocean coast, will lead African cities with 7.8%.

The study looked at 780 cities and estimated that the world’s major urban economies will grow by 2.8% a year.

Its authors say cities will drive the growth of the global economy, which they project will expand by 2.6% per year.

From West to East
Image: Oxford Economics
India’s dominance of the list of fastest-growing cities illustrates the broader theme of the tipping of economic might from West to East, the authors argue.

They forecast that as early as 2027, the combined GDP of all Asian cities will exceed that of North American and European cities together. By 2035 it will be 17% higher.

China is leading the charge: it will have four cities – Shanghai, Beijing, Guangzhou and Shenzhen – in the top 10 for GDP in 2035. Today, only Shanghai appears on that list.

Compared to other Chinese cities, Shanghai has a more liberal and free-market economy, along with stronger international business connections, the report says, highlighting that China wants to develop the city into a major pan-Asian financial centre.

Beijing will benefit the most from China’s Belt and Road Initiative, while Guangzhou is the clear winner in the Pearl River Delta region, a vast urban area adjacent to the South China Sea with easy access to many of China’s main trading partners.

Have you read?


Growth story of the decade

gAFmB7c-8ltSfdRpbX2SqA8Jvnl-3-ESYDyac6j0bEM.JPG


India ranks 58th on the World Economic Forum’s Global Competitiveness Index

Image: World Economic Forum

In its latest economic forecast, the IMF says that India's economy is set to grow faster than China's this year, at a rate of 7.4% in 2019 compared to China’s 6.2%.

With a favourable demographic profile and a large and growing consumer market, India is likely to be the most compelling growth story of the decade.

India now makes up 15% of global growth, fueled by reforms, foreign investment and strong domestic demand.

The country ranks 58th out of 140 economies in the World Economic Forum’s latest Global Competitiveness Report, up five places from 2017.

It scores particularly strongly in innovation capability. However, corruption is still an issue, hampering business along with difficulty in accessing finance and high tax rates.

Despite the speed of growth of Indian cities, they remain relatively small in terms of economic output.

Surat's projected $2.7 billion GDP in 2035 is dwarfed by New York’s $2.5 trillion or Tokyo’s 1.9 trillion.

This means that little is likely to change at the top of the list of cities with the largest GDP between now and 2035.



Bhikhmango ki pichhware me aag lag jayegi.
 

Beef.Bhaijan

Minister (2k+ posts)
what are you talking about ?...They are r@ping both boys and girls all the way upto 99 year old grand mother in India.

Its a major national crisis !

Child Rape in India is 'a National Emergency', Says Nobel Laureate
April 17, 2018 12:22 PM
A member of a students organization shouts slogans as others carry placards asking justice for Asifa Mohammad Yusuf, an 8-year-old girl who was raped and murdered, during a protest in Bangalore, India, Friday, April 13, 2018.
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CHENNAI, INDIA —
The rise in the number of reported cases of rape and sexual abuse against children in India is a “national emergency”, Nobel laureate Kailash Satyarthi said on Tuesday, with up to 100,000 such cases pending in the courts.
“Each time a daughter is raped and killed, India’s soul is raped and killed,” he said at the release of a report that outlines how long it takes the courts to process cases of sexual abuse against children.
Protests have erupted across India after a series of child rape cases were reported over the last 10 days. Police officers and a politician are under investigation in two of these unrelated cases.


Bhikhmango ki pichhware me aag lag jayegi.
 

jimpack

Minister (2k+ posts)
As usual pakistanio ke Peechwade main aag. Gand jal gayi hogi, full indigestion. Maaza aagaya
 

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