Summary:

According to the Savills Growth Hubs Index, Bengaluru, Delhi, Mumbai, Hyderabad, and Pune are among the top 15 fastest-growing global cities by FY33. Bengaluru ranks internationally due to its robust technology ecosystem and high projected GDP growth per capita. Delhi, expected to become the world's most populous metropolis by FY50, is experiencing significant migration and commercial activity. The Index focuses on the expansion of Asian cities, particularly in India.

Government infrastructure efforts, tax reforms, and industry policies all contribute to India's economic growth. With only 35% of the population living in cities, migration from rural areas is expected to drive urbanization. Indian cities are projected to boost their GDP by 68% by FY33, driven by rising salaries, a growing middle class, and increased spending. Key industries such as technology, real estate, and hospitality are expanding, supported by infrastructure development and emerging life sciences real estate.

Source: IBEF 

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