According to a forecast by Oxford Economics Global Cities Research 2018, which Indian city tops the list of the top ten fastest-growing cities in the world between 2019 and 2035?

This question was previously asked in
SSC CHSL 2020 Official Paper 2 (Held On: 12 April 2021 Shift 2)
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  1. Agra
  2. Surat
  3. Hyderabad
  4. Bengaluru

Answer (Detailed Solution Below)

Option 2 : Surat
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Detailed Solution

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The correct answer is Surat.

Key Points

  • Surat tops the list of the top 10 fastest growing cities in the world between 2019 and 2035.
    •  Indian cities will make up most of the fastest-growing cities in the world between 2019 and 2035, considering the year-on-year Gross Domestic Product (GDP) growth, said a report by Oxford Economics
    • Over 17 of the 20 top cities on the list will be Indian.
    • Surat, a commercial centre for textiles in Gujarat, will witness the fastest GDP growth, by an average exceeding 9% year on year.
    • The report said that Indian cities including Bengaluru, Hyderabad, and Chennai will be among the strongest performers across the globe.
    • The top 10 cities to make up the fastest-growing cities globally include Surat (9.17%), Agra (8.58%), Bengaluru (8.5%), Hyderabad (8.47%), Nagpur (8.41%), Tirupur (8.36%), Rajkot (8.33%), Tiruchirappalli (8.29%), Chennai (8.17%) and Vijayawada (8.16%).
    • However, in comparison to the world’s biggest metropolises, India’s economic output is expected to remain small.
    • On the flip side, when it comes to the total size of the economies, New York will continue to be the largest urban economy due to its growing finance & business service sector.
    • Oxford Economics also revealed that, over the period 2019-2035, the cities will lead the growth of the global economy, with the global economy growing by an average of 2.6% a year.
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