New Delhi: As per Oxford Economics, India is set to dominate over the next two decades in the list of top 10 cities for economic growth. Also Read - International Flights: Kathmandu-New Delhi Flight Services Likely to Resume From Next Week
It may be noted that while the economic output in many of the Indian 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 centres combined in 2027. Also Read - Unwarranted And Ill-informed: MEA Reacts to Justin Trudeau’s Remarks on Farmers Protest in India
In fact, by 2035, it will be 17 per cent higher, with the largest contribution coming from Chinese cities. Also Read - COVID-19: India's Daily Cases Drops To 38,772, Over 45,000 Recoveries Reported In Last 24 Hours
Little will change at the top of the list of the world’s biggest cities between now and 2035. New York, Tokyo, Los Angeles 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.
The fastest-growing African city is the Tanzanian port of Dar es Salaam, while the top spot in Europe is held by the Armenian capital of Yerevan, according to the report. San Jose — a proxy for Silicon Valley — will be the best performer in North America.