Aug 10, 2008

Twenty Rapidly Developing Cities in India

Recent report by National council of Applied Economic Research and the Future Group’s wing Future Capital Research throw light on the most developing cities and evolving cities in India.

20 cities are discussed and their importance in Indian market development. It will fuel growth of India regardless of economic slowdown.

379 million more people will be added to these major Indian cities. It will be more than the current population of the US. So these cities will create big demand for consumer good and services. Currently 30% population is urban. By 2016 more than 45% will be urban Indian population.

Cities are divided in three categories: Mega cities, boom cities and niche cities.
Mega cities are populous cities: Four metros Delhi, Mumbai, Calcutta, Chennai and Bangalore, Hydrabad, Ahmedabad and Pune.
Towns in boom cities category are Surat, Kanpur, Jaipur, Lucknow, Nagpur, Bhopal and Coimbatore. These are seven in number. These towns are registering fastest economic growth.
The niche cities five in number are Faridabad, Amritsar, Ludhiana, Chandigarh and Jalandhar.

Developing India will have more than half of its households in middle-class (annual income $6000/~Rs 2,40000 – $30000/~Rs 12, 00000) category by 2016.

These 20 cities will develop at the rate of more than 10 percent
and other cities will develop at 7.9 percent from 2008 to 2016. Twenty mentioned cities already account for 60% of the surplus income. Very good point is by 2016; only 7% households will be in low-income ($3000).

Within these twenty cites, annual household income varies widely. When annual household income (AHI) is adjusted to city’s cost of living, Surat emerged as country’s most prosperous city (4.58 lakh). Adjusted AHI of 4.23 lakh for Chandigarh, Chandigarh is second in the most prosperous city.

With this rapid urbanization, township planning and security will be challenging tasks for government.

Update: Patna is now 5th fastest growing city in India and 21st fastest growing city in the world. In June 2009,The World Bank ranked Patna as the second-best city in India to start a business, after Delhi. Source: Wikipedia

Recent news on rapidly growing cities:
Bangalore, Chennai, and Ahmadabad are the top in fastest growing cities in India.

28 comments :

jino said...

Is it Kochi Tier 2 or 3 city?
Kochi is one of the most developing city in India.As per the percent of growth kochi as covers Pune, Bangalore,Chennai etc..
So Kochi is most developing city in the country.

ribins said...

Kochi is not a emerging or growing city because your states holds best politicans throughout the entire country

arji said...

i think even Indore deserves to be in top 10 atleast cuz i went there in may 2011 , .....suprsngly i saw atleast 100 mercedez and over 50 cars costing 40 lac + ..............i can also find a mall named treasure market city going to be asia's finest mall with 11 multiplex.........and a roller costar ride in terrace......................i even saw........a showroom of porshe and land rover (also mercedez ,bmw,land rover,jaguar and nissan having all cars in .)

and buildings of 10 floors and more are very common in indore.........................................but i even think bhopaol is a big bang........i sa a mall named db mall it was biggger then any other mall i saw even in delhi and mumbai and even lucknows sahara.....!!

Harikrishnan said...

Kochi is also one of the fastest developing city in India. The construction of the Lulu mall is in progress. And it wil be the largest mall in south asia. Kochi is a beutiful city. It has a nick name 'Chota Mumbai'. The kochi metro construction is in progress. KOCHI WIL ONCE BE THE METRO CITY OF INDIA.truction of the Lulu mall is in progress. And it wil be the largest mall in south asia. Kochi is a beutiful city. It has a nick name 'Chota Mumbai'. The kochi metro construction is in progress. KOCHI WIL ONCE BE THE METRO CITY OF INDIA.

RAJ RAIKWAR said...

yaar , indore rank 28th at the fastest growing city in the world , metro is also proposed & and indore metro is the 2nd largest km. route after delhi , highrises , luxury cars are so common in indore top 15th city of india and so more

Satya Prakash said...

Cool! It is an old post. Thanks for updating us.

pratik said...

come nagpur and see what is it .......The 9th most competitive city after ahemedabad and pune....with a 54.26 point...having largest it park in central india9(under construction) and largest cargo terminal (MIHAN){GREATER THAN SINGAPORE}[UNDER CONSTRUCTION].......
IT IS BETTER THAN INDORE AND BHOPAL........COME AND SEE FUTURE CITY OF INDIA........ARJI AND RAJ....

karthik said...
This comment has been removed by the author.
karthik said...

according 2 latest reports chennai,bangalore,ahmedabad r worlds fatest growing city. in cheenai metro rail is in progress if it completes chennai will be better city in india.

karthik said...

in india chennai is producing 60 percent of automobile

karthik said...

in south india bangalore and chennai r the only 2 developed cities and iam from bangalore

Raunak said...

don't forget patna. india's 5th and worlds 21st fastest growing city.patna metro project is also passed and is the future city of india

arjun said...

If I start saying about Kochi, it will take days because thats the developement happening in this city for the last 3 years or so. I saw on the internet that KINFRA has proposed a 100 floor building in the city !!. There are so many malls coming this way and lulu mall is the largest in Asia it seems. Without doubt Kochi has the best port even in Asia!.It is the the only city in India to host QUEEN MARY 2 !!. even IT wise, Kochi is growing at a speed of light as 5 IT parks are under construction. Construction work of metro has also started and will be raedy in about 3 to 4 years.!!!!!
This city has been stagnant for a lot of years but now, it will easily become the best city in India or even Asia soon. Watchout other cities !,Kochi's on the move.

arjun said...

If I start saying about Kochi, it will take days because thats the developement happening in this city for the last 3 years or so. I saw on the internet that KINFRA has proposed a 100 floor building in the city !!. There are so many malls coming this way and lulu mall is the largest in Asia it seems. Without doubt Kochi has the best port even in Asia!.It is the the only city in India to host QUEEN MARY 2 !!. even IT wise, Kochi is growing at a speed of light as 5 IT parks are under construction. Construction work of metro has also started and will be raedy in about 3 to 4 years.!!!!!
This city has been stagnant for a lot of years but now, it will easily become the best city in India or even Asia soon. Watchout other cities !,Kochi's on the move.

Peeyush Gaud said...

Indore...fastest growing city of central india, must be ranked in top 20.

reshma M said...
This comment has been removed by the author.
hai baji said...
This comment has been removed by the author.
reshma M said...
This comment has been removed by the author.
snigdha G said...
This comment has been removed by the author.
Srinivas Rapolu said...

why not u discussed about diamond and textile city of SURAT....

Srinivas Rapolu said...

2nd fastest growing city of india...also in the world...so SURAT will be the no.1 future city..

Srinivas Rapolu said...

Surat is economic capital of gujarat..business hub of gujarat...

dj said...

kochi is the upcoming metro city..its growing rapidy more than other cities like coimbatore, jalanthar, Amritser, Lucknow etc...Kochi is Beautiful and the place which tourist prefers, unlike the dairy north Indian cities

Abhijeet Paithanpagare said...

I don't like to comment but come to pune once,you will forget other cities............The capital of maratha's .

vishnu Rockz said...

I've been to many cities like
Bangalore,Chennai,Mumbai and Delhi.I haven't
really seen any tall buildings at Bangalore or
Chennai but I've very tall buildings at Mumbai but
it was very very dirty and there were lots of
slums.Bangalore is also dirty although it was not
as dirty as Mumbai.Ernakulam(Kochi) have many
sky scrappers and the view is very beautiful(More
than Mumbai) as we can see the reflexions of
these tall buildings at the backwaters.Ernakulam
is surronded by backwaters and it was very clean
compared to other cities too.So Is it the best city
in India?
Guys who say "NO" just because they live in
another city doesn't make any sense at all.LO

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