India Claims Top Ten Of World's Fastest-Growing Cities, Surat Leads

[HariPrasad]

Surat, a diamond processing and trading center in Gujarat, will see the fastest expansion through 2035, averaging more than 9 per cent.
All India | (c) 2018 Bloomberg | Xiaoqing Pi, Bloomberg | Updated: December 06, 2018 11:20 IST
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When it comes to the top 10 cities for economic growth, India is set to dominate over the next two decades, according to Oxford Economics.

Surat, a diamond processing and trading center in Gujarat, will see the fastest expansion through 2035, averaging more than 9 per cent, Richard Holt, Oxford's head of global cities research, wrote in a report. All of the 10 fastest over that period will be in India.

While economic output in many of those 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 centers combined in 2027. 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.

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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.

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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 best performer in North America.

https://www.ndtv.com/india-news/ind...ties-surat-leads-1958566?amp=1&akamai-rum=off

 

[HariPrasad]

ALL the fastest growing cities from 2019 to 2035 are from one country and that is India.

Surat, a diamond processing and trading center in Gujarat, will see the fastest expansion through 2035, averaging more than 9 per cent, Richard Holt, Oxford's head of global cities research, wrote in a report. All of the 10 fastest over that period will be in India.

By the way, I live in surat which sets to grow fastest in coming two decades to come in the world. This city truly deserves this position.

 

[Nilu Pule]

Only 1 North Indian city in that list.

 

[HariPrasad]

As Indi's economy will grow, India's currency will also strengthen. So actual GDP shall be much more than the projected gdp in nominal.

 

[Vikki]

Only 1 North Indian city in that list.

North India is a shit hole

 

[manga]

Would like to see complete list.
Where is pune standing.

 

[RPK]

Three citys are in Tamilnadu. That is the really good

 

[manga]

17 of the world’s 20 fastest-growing cities between 2019 and 2035 will be Indian, says study

https://www.businessinsider.in/17-o...be-indian-says-study/articleshow/66968048.cms

 

[HariPrasad]

Surat is the ultimate combination of high growth, very cost effective living, Almost no crime, awesome food, through out celebrations during the year , very fast transport, 24X7 electricity and water etc. I enjoy rural life of living among lush green farms, swimming in river, visiting beautiful beaches and enjoying dinners in rural style with all modern amenities such as decent house, Show rooms of many of top International and and Indian brands, Top class restaurants (Most of them Vegetarian) , superb malls and shopping complexes, swimming pools, excellent schools, awesome clubs, Night cricket grounds, huge beautiful temples and high paid jobs available in the area. Vegetable and food available very cheaply. Street food is just awesome. Many generic medicine stores are available. All what I have said is in just 2 KM from my house.

 

[Vikki]

Surat is the ultimate combination of high growth, very cost effective living, Almost no crime, awesome food, through out celebrations during the year , very fast transport, 24X7 electricity and water etc. I enjoy rural life of living among lush green farms, swimming in river, visiting beautiful beaches and enjoying dinners in rural style with all modern amenities such as decent house, Show rooms of many of top International and and Indian brands, Top class restaurants (Most of them Vegetarian) , superb malls and shopping complexes, swimming pools, excellent schools, awesome clubs, Night cricket grounds, huge beautiful temples and high paid jobs available in the area. Vegetable and food available very cheaply. Street food is just awesome. Many generic medicine stores are available. All what I have said is in just 2 KM from my house.

You mentioned food...do we get different non veg food?

 

[AyanRay]

As Indi's economy will grow, India's currency will also strengthen. So actual GDP shall be much more than the projected gdp in nominal.

It doesn't work that way. As long as Interest rates are higher in India than in US, INR will depreciate (Interest rate parity)

 

[HariPrasad]

It doesn't work that way. As long as Interest rates are higher in India than in US, INR will depreciate (Interest rate parity)

I do not say this is a rule but it will happen. Lots of petrol substitutes are coming up. There shall be a significant fall in petroleum import. There shall be lots of things which India shall not be importing so there will not be big trade deficit. There shall be more and more purchases in local currencies. so in all probability, it will increase.

 

[AyanRay]

I do not say this is a rule but it will happen. Lots of petrol substitutes are coming up. There shall be a significant fall in petroleum import. There shall be lots of things which India shall not be importing so there will not be big trade deficit. There shall be more and more purchases in local currencies. so in all probability, it will increase.

You are right in stating that Currency valuations depends upon demand and supply. When there is a difference in interest rates between two countries investors start taking advantage of it which leads to capital outflows and then depreciation of currency. This is called arbitrage.Its quite simple to understand really, but cannot explain it all as I am using cell phone.

This is the first result I found using google search. It's quite interesting this arbitrage thing.
https://www.thebalance.com/what-is-interest-rate-arbitrage-1978928

 

[Nilu Pule]

North India is a shit hole

Yes. These Northies are vermin.

 

[Skull and Bones]

Whenever I visit my hometown, I barely recognize it anymore. The fields, where we used to play cricket/football is taken by ongoing residential projects.