Hyderabad has secured a place among the top 10 fastest-growing cities worldwide, according to the Growth Hubs Index by Savills, a prominent global property advisor.
The Growth Hubs Index ranks cities based on their projected economic strength, considering essential factors like GDP growth, personal wealth, population trends, and migration patterns through 2033. With India’s rapid urbanization, it’s no surprise that Hyderabad stands out alongside other major Indian cities in this esteemed ranking.
Below is the list of the top 10 fastest-growing cities in the world:
Top 10 Fastest Developing Cities in the World (According to the Growth Hubs Index by Savills):
1) Bengaluru, India
2) Ho Chi Minh City, Vietnam
3) Delhi, India
4) Shenzhen, China
5) Hyderabad, India
6) Hanoi, Vietnam
7) Guangzhou, China
8) Mumbai, India
9) Manila, Philippines
10) Riyadh, Saudi Arabia
Economic Indicators Driving Hyderabad’s Growth:
According to the Growth Hubs Index, cities in India, including Hyderabad, are projected to see substantial GDP growth, with an estimated rise of over 68% by 2033. Hyderabad, in particular, stands out for its remarkable GDP growth per capita, making it one of the world’s fastest-emerging tech hubs.
The city’s booming technology sector, backed by a young and highly skilled workforce, is a crucial factor fueling its economic progress.
Population Growth and Urbanization:
With India’s urbanization rapidly accelerating, Hyderabad is experiencing an influx of talent and a growing population. The Growth Hubs Index forecasts a significant increase in migration to the city, further driving its economic and demographic expansion. This trend is consistent with the broader patterns observed in other major Indian cities like Delhi and Bengaluru, which are also witnessing substantial population growth due to rising migration.
Hyderabad’s strategic emphasis on infrastructure development is expected to secure its ongoing ascent as a prominent global growth hub.
