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.
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.
In fact, by 2035, it will be 17 per cent higher, with the largest contribution coming from Chinese cities.
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.