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Top 10 fastest-developing cities in the world

TOI Lifestyle Desk | Last updated on - Oct 23, 2024, 13:30 IST
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Fastest-developing cities in the world

The world is changing, and some cities are significantly standing out when it comes to the fastest-development rate. These cities from all around the world are flourishing with strong businesses, rising wealth, and more people moving in every day. Knowing which cities are likely to grow can benefit investors, businesses, and decision-makers to make informed decisions.


In this article, we have mentioned the top 10 cities from across the globe that are expected to see the most growth over the next decade, based on data from Savills Research. This is based on the factors like projected GDP strength, growth rates, increases in personal wealth, population trends, and future dependency ratios.
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Bengaluru

Bengaluru, India, ranks number one on the Savills Growth Hubs Index, with a calculation of GDP growth of over 68% between 2023 and 2033. The economy of Bengaluru has been flourishing, particularly due to a powerful technology sector and a highly educated and skilled workforce. Wealth in Bengaluru is expected to grow fast, as more households reach $70,000 by 2033.
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Ho Chi Minh City



Ho Chi Minh City, Vietnam, ranks second on the index and is expected to have a significant increase in GDP, which is also predicted to exceed 68 percent over the decade. Rich households are expected to grow a lot in the city, boosting its economy. Big projects, like the Long Thanh International Airport, will improve transport and bring in foreign investment, making Ho Chi Minh City even stronger as Vietnam's top economic city.


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Delhi

Delhi ranks third and is predicted to become the world's most populous city come 2050. The GDP of the city will be increased as a result of fast urbanization and increasing migration. Growth in the services sector will boost demand for housing and infrastructure.


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Hyderabad


Hyderabad, India- - The city of Hyderabad placed fourth, and this city is expected to experience the highest growth of GDP per capita in Indian cities over the next decade. It has a very developed technology industry and a highly skilled young population that holds the economy of the city.



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Mumbai


Mumbai ranks in fifth place. The city has a strong GDP and the credit goes to a healthy service sector and a growing middle class. Urbanization is causing housing and infrastructure problems, but investments are addressing these issues, which will help the local economy and real estate in the future.



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Shenzhen

Shenzhen in China stands sixth having a rapid transition towards high-tech sectors. In this city, the GDP is massive and predicted to increase more by the government that emphasizes microchips and electric cars. Shenzhen is an important part of the Greater Bay Area that has had incredible investments in infrastructure for innovation demonstrating it as a global technology leader.

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Guangzhou

Guangzhou in China stands at number seventh in the list, because of the Greater Bay Area. It has a strong GDP due to well-developed infrastructural support. The city is gradually moving towards a high-tech economy- - some of the leading industries there are the production of solar panels and electric cars.



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Hanoi


Hanoi is at the eighth position in the index with growth in personal wealth, as well as an increasing middle class. This is predicted to lead to improvements in the GDP of the city, Ongoing improvements to infrastructure are further boosting the living environment. Even with challenges like air pollution, Hanoi is working on creating cleaner areas nearby. These efforts and other projects will support economic growth and attract more residents to the city.

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Riyadh


Riyadh, the capital city of Saudi Arabia, ranks ninth and is going through a massive change under the Vision 2030 initiative. It is transforming its economic system through extensive infrastructures to expand the GDP. Focus on innovation and sustainable development will help Riyadh in improving global competitiveness while improving quality of life.


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Manila

Manila, Philippines, is in tenth place and is known for its fast growth and young population. The city’s GDP is expected to rise a lot, and the credit goes to a strong services sector and more foreign investment. Ongoing infrastructure projects emphasize improving public transport to manage this growth and avoid overcrowding.


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Copyright © Jun 9, 2026, 06.43PM IST Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service