Surat Leads the Race as India Claims Top 10 Of World's Fastest-Growing Cities

New Delhi: The country’s diamond capital Surat will see the fastest economic growth in the next two decades, averaging more than nine percent, according to Oxford Economics.

With an expected annual growth of 8.58 per cent, Uttar Pradesh’s Agra is second on the list. All of the world's 10 fastest growing cities till 2035 will be in India, says a Bloombuerg report.

Bengaluru (8.5 %) is third on the list, followed by Hyderabad (8.47), Nagpur (8.41), Tiruppur (8.36), Rajkot (8.33) and Tiruchirappalli (8.29).

While the economic output in many of these cities will remain rather small in comparison to the world’s biggest metropolises, aggregated gross domestic product of all Asian cities will exceed that of all North American and European urban centers combined in 2027, Bloomberg stated quoting a report by Oxford’s head of global cities research, Richard Holt.

The report claims that by 2035, it will be 17 percent higher, with the largest contribution coming from Chinese cities.

Big Metropolitans such as New York, Tokyo and London will defend their spots as Shanghai and Beijing — each boasting more than 20 million people — surpass Paris and Chicago. Guangzhou and Shenzhen in Southern China will also make the top 10, crowding out Hong Kong, says the report.