Time and again there was a question moving around our head. It was whether India was really growing or was it just the BJP hyping the numbers, like GDP and so on. And now we have got the answer for this billion dollar question.
According to a global economic research report, out of the 20 fastest growing cities in the world, 17 are from India. Oxford Economics, a research house engaged in global forecasting and quantitative analysis said that between 2019 and 2035, several Indian cities will witness a rapid growth.
Report stated “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, Hyderabad and Chennai among the strongest performers”.
What is a matter of pride for all the Indians is that the top 10 list of the fastest growing cities in the world between 2019 to 2035 is completely dominated by India. Yes. while Surat tops the chart, it is followed by Agra, Bengaluru, Hyderabad, Nagpur, Tirupur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.
Richard Holt, head of global cities research at Oxford Economics said “By 2035, the combined GDP of Indian cities will still be very small compared with Chinese (or indeed, North American and European) cities. However, in terms of GDP growth, it is Indian cities that are the star performers in our forecast”.
The report also claimed that in 2027 “the aggregate GDP of all Asian cities will for the first time exceed the combined GDP of all North American and European cities”. This indicates that a lot of international firms might come to India to expand their business. And we call it as “Make in India”, an initiative of PM Modi.
Finally, the report also stated “By 2035, we project it will be 17% higher, with Chinese cities alone generating more output than all cities in North America or Europe”.
This indicates that the next two decades will be completely dominated by India, in terms of growth.
Source: Times Of India