The 10 Fastest-growing Cities In India By GDP

According to a study conducted by Oxford Economics, between 2019 and 2035, all of the world’s 10 fastest-growing cities by GDP will be in India. 

The Fastest-growing Indian Cities

1. Surat

Rahul Bhadane [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

With an average annual growth of 9.17%, Surat is the fastest-growing Indian city. It is located in the Indian state of Gujarat. It serves as the capital of the Surat district. It is home to 4,467,797 people. Surat’s city center is located on the Tapti River close to the river’s mouth in the Arabian Sea. Surat is the first smart IT city in the country. In 2017, it was labeled the cleanest city in the country by the Indian Ministry of Urban Development. Surat is famous for its diamond cutting and polishing industry. It is thus nicknamed the “Diamond City of India.” Surat is also called “The Silk City of India” as it is India’s textile hub. 

2. Agra

Agra is India’s second-fasted growing city. It currently has a population of 1,585,704 individuals. The GDP growth rate of Agra is predicted to be 8.58% between 2019 and 2035. Agra is located on the banks of the Yamuna River in Uttar Pradesh. It is most famous for the Taj Mahal, one of the world’s seven wonders. Many other beautiful Mughal-era buildings like the Agra Fort and Fatehpūr Sikrī are located in and around the city. It is part of India’s Golden Triangle tourist circuit. Agra has several industries like biotechnology, leather industry, and a vibrant handicrafts industry. The embroidery work, stone carving, and marble inlay work of the city are particularly famous. Sweets and snacks of Agra are also famous. 

3. Bengaluru

Photo by Satvik Shahapur from Pexels

Bengaluru, the capital of Karnataka, is home to more than 10 million people. It is the country’s third-fastest growing city with a GDP growth rate of 8.5%. Bengaluru, formerly known as Bangalore, is a multi-ethnic cosmopolitan city that is often called the "Silicon Valley of India" or “IT capital of India.” It is the country’s leading exporter of information technology. Bengaluru also has one of the world’s most educated workforces. Many top educational and research institutions of India like the IIT, IISc, IIM, IITB, NIMHANS, and others are present in this city and attract the best young minds from across the country. The Kannada film industry is also based in Bengaluru. Bangalore also has a strong start-up scene.

4. Hyderabad

Ravikan Rao (Ravikiranr) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

Hyderabad will have the fourth-fastest growing city in the world. It is the capital of Telangana. Located along the banks of the Musi River, Hyderabad is home to a population of around 9.7 million people. According to Oxford Economics, Hyderabad will experience a GDP growth rate of 8.47% between 2019 and 2035. Hyderabad is the largest contributor to Telangana’s GDP. The service sector is dominant in the city. In the past, Hyderabad was a major pearl and diamond trading center. Following industrialization, several Indian enterprises like BHEL, ECIL, NFC, and others opened their offices and factories in the city. Several top educational and research institutions like DRDO and CCMB were also established. In recent years, the rapid growth of Hyderabad’s IT sector has allowed the IT-enabled services, financial and insurance institutions to grow. Other sectors like real estate, retail, storage, communication, etc., also experienced rapid expansion in the city. Hyderabad also has a large informal economy that employs over 30% of the workforce.

5. Nagpur

VinyS [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

India’s fifth most rapidly growing city by GDP is Nagpur. It is located in Maharashtra where it serves as the state’s winter capital. Nagpur is home to 2,405,665 individuals. A survey has ranked Nagpur as India’s best city in terms of liveability, public transport infrastructure, greenery, and health care. Nagpur is also one of the safest Indian cities. All these factors make Nagpur an ideal destination for investments. Nagpur is also known as the “Orange City” as it is a major orange trade center. It is also located near several tiger reserves and is called the “Tiger Capital of India.” 

Source: https://economictimes.indiatimes.com/news/economy/indicators/india-claims-top-ten-in-list-of-worlds-fastest-growing-cities/articleshow/66963987.cms?from=mdr