Bangalore, Ahmedabad, Chennai among World's Fastest-growing Cities: Forbes

Bangalore, Ahmedabad, Chennai among World's Fastest-growing Cities: Forbes


Washington, Oct 15 (IANS) Three Indian cities - Ahmedabad, Bangalore and Chennai - have been listed among the world's fastest-growing cities by Forbes magazine. It also called Gujarat the "most market-oriented and business-friendly" among Indian states.

"The urban powerhouses of the next decade aren't behemoths like New York or Mumbai, but smaller cities like Chongqing, China; Santiago, Chile; and Austin, Texas," it says shifting its focus from established global centres like New York, London, Paris, Hong Kong or Tokyo.

While "China's bold urban diversification strategy hinges both on forging new transportation links and nurturing businesses in interior cities," Forbes says "India, although not by plan, also is experiencing a boom in once relatively obscure cities."

"Its rising urban centers include Bangalore (home of Infosys and Wipro), Ahmedabad (whose per-capita incomes are twice that of the rest of India) and Chennai (which has created 100,000 jobs this year). Many of India's key industries - auto manufacturing, software and entertainment - are establishing themselves in these cities."

"The growth of India and China also creates opportunity for other emerging players, particularly in Southeast Asia by creating markets for goods and services as well as investment capital."

Forbes describes Ahmedabad as "the largest metropolitan region in Gujarat, perhaps the most market-oriented and business-friendly of Indian states."

Noting that Gujarat's policies helped lure away the new Tata Nano plant from West Bengal to Sanand, one of Gurajat's exurbs, it cites one Indian academic, Sedha Menon, as comparing the state - which has developed infrastructure more quickly than its domestic rivals - with Singapore and parts of Malaysia.

Many big players in tech and services - Goldman Sachs, Cisco, HP as well as India-based giants like Tata - have located operations in Bangalore, notes Forbes.

"But the city also boasts home-grown tech giants Infosys and Wipro, which each have over 60,000 employees worldwide."

But with Bangalore's population projected to reach 9.5 million by 2025, "maintaining Bangalore's advantage over smaller, less congested cities could prove a challenge," it says.

Chennai, projected to reach a population of 10 million by 2025, "has so far this year created over 100,000 jobs - more than any other Indian city outside of the much larger Delhi and Mumbai," Forbes says.

"Chennai's metropolitan area is taking full advantage of India's soaring industrial sector, particularly the booming automobile sector. Electronics, led by Dell, Nokia, Motorola, Samsung, Siemens, Sony and Foxconn, are also booming. Chennai is home to India's second-largest entertainment industry, behind Mumbai."


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Comment on this article

  • shammi, Karnataka

    Sat, Oct 16 2010

    Congrats Bangalore!!!
    Im so grateful to our former CM SM Krishna who laid the successful foundation of IT infrastructure...
    By the way daiji...i loved the lines from ur report saying-But the city also boasts home-grown tech giants Infosys and Wipro, which each have over 60,000 employees worldwide."
    There was so much Pride n elegance depicted...thnk u..
    also congrats!!! Chennai n Ahmedabad...

    DisAgree Agree Reply Report Abuse


    Fri, Oct 15 2010

    Mr RR, Mangalore was there no corruption during your congress and JDS rule? You comment as if you know each and everything. From the day one this BJP govt came to the power the congress and JDS are playing all their possible tricks for the downfall of the govt. Shame on those parties.

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    Fri, Oct 15 2010


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  • A.S.Mathew, U.S.A.

    Fri, Oct 15 2010

    It is a great news to read that
    three of the mega cities of
    India are going to grow faster
    among the world cities.

    Second to the housing industry,
    automobile industry has a key
    role in the growth of any city.
    Over 300 million people drive a
    lot of cars in India, and 60% of them are
    produced in Chennai, which is called the "Detroit" of India.
    More industries are going to land
    in Chennai city, than any other
    city of India due to her very
    high cencentration of a key
    industry "automobile". The close
    harbour along with a peaceful political
    and social atmosphere was the key
    factor in brining many industries
    to Chennai, and her growth is going to be phenomenal in the
    days ahead.

    DisAgree Agree Reply Report Abuse

  • RR, Mangalore

    Fri, Oct 15 2010

    Alas! the study does not touch 'corruprtion'issue.Otherwise Bangalore would have toped in corruption under Yeddi rule!

    DisAgree Agree Reply Report Abuse

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