Imagine yourself in one of the world’s wealthiest cities, such as New York, Los Angeles, Zurich, or London. However, Asian cities, notably those in India, are the fastest expanding in terms of yearly gross domestic GDP. As per Oxford Economics, India will have all of the top ten fastest-growing cities in terms of GDP between now and 2035.
According to The Oxford Economics research, Vijayawada, the commercial centre of Andhra Pradesh, is ranked 10th on the list and is predicted to develop at an annual rate of 8.16 per cent between 2018 and 35. Vijayawada is also expected to grow from $5.6 billion to $21.3 billion by 2035.
With a GDP of $283.3 billion, India’s software sector powerhouse is on track to become the country’s most prosperous metropolis.
Chennai is the capital of Tamil Nadu and a major centre for the automotive, information technology, and healthcare industries. Chennai is predicted to grow at an annual rate of 8.17 per cent, with a GDP of $136 billion, up from $36 billion.
Tiruchirapalli, a city in Tamil Nadu’s southern state, features a plethora of fabrication and engineering equipment industries. The city’s GDP is predicted to reach $19 billion in 2019, up from $4.9 billion in 2018.
The city of Gujarat is anticipated to have a GDP of $26.7 billion by 2025.
The city of Gujarat is ranked first on The Oxford Economics list, with a growth rate of more than 9%. By 2035, it is predicted to reach a value of $126.8 billion.
India’s largest city will expand at an annual rate of 8.36%. It comes at sixth place on the list.
By 2035, this Maharashtra city known for orange production is expected to see a $48.6 billion boost in GDP.
With an estimated GDP of $201 billion by 2035, Hyderabad might be one of India’s and the world’s most important economic engines.
Uttar Pradesh’s Taj Mahal city is ranked second on the list. In the future years, it is expected to expand at an annual pace of 8.58 per cent.