Posted on 10/11/2024 9:17:51 PM PDT by SeekAndFind
Out of the world’s top 15 growth hubs, 14 are forecast to be located in Asia, according to the Growth Hub Index 2024 by British real estate service Savills. These cities have been identified as set to develop particularly quickly by 2033, based on indicators measuring rising wealth, expanding economies and the potential for new development and business expansion.
As the following chart shows, four Indian cities feature in the top 10, with Bengaluru in the top position. It is followed by Ho Chi Minh City in Vietnam and India’s Delhi. Several reasons are cited for the anticipated rise in Asia, including how many parts of the region have embraced tech-driven growth, while at the same time continuing to benefit from a strong traditional manufacturing sector.
Many Asian cities are also forecast to see a growing middle class as personal wealth rises across the region, while at the same time they have strategies to improve connectivity and to invest in infrastructure.
Savills analysts note that innovation hubs can attract new businesses, which in turn increases demand for office space, manufacturing spaces and housing and that if rapid urbanization is managed well, then it can lead to better health outcomes of populations and improved employment prospects and education. If poorly managed, however, rapid urban growth can exacerbate poverty, crime and health issues.
The Growth Hub Index is based on economic, population and wealth indicators across 230 cities, each with a GDP of at least $50 billion in 2023, to identify the fastest-growing cities. The economic indicators included the city GDP in 2033 and future credit rating as well as the percentage increase in city GDP growth between 2023–2033. The personal wealth indicators measured the percentage increase in city GDP per capita and the percentage increase in the number of households earning more than $70,000 over the 10 years analyzed. Meanwhile, the population indicators focused on the percentage increase in city population and migration between 2023–2033 and the future ratio of dependents to the working-age population in 2033. Only cities with a GDP of $50 billion and up in 2023 were included in the index.
No EPA mandates and Green New Deals for them. No wonder they’re growing.
Shenzhen is a really nice city.
“ No EPA mandates and Green New Deals for them. No wonder they’re growing.”
Children grow fastest.
Manilla needs some good news. I haven’t been there since we had a Clark Naval Base in the early 1980s, but I met several hardworking, positive attitude people there. I hope their economy continues to grow.
All shitholes.
Is Ho Chi Minh City Saigon?
When I hear “fastest developing cities”, I start looking on the map for the farthest spot from each one.
With government funding, by size:
Number 1 Fastest Growing City in the World:
Springfield, OH
easy enough to avoid. thanks.
(Is Ho Chi Minh City Saigon?)
Yes, it is. My wife is from Cai Be just outside Saigon.
Manilla...at least by 2024 standards...is way past the way it was in the 1980s. Lot of American retirees settle there.
Thank you. It’s hard to keep up.
Houston, we’re not the ones with a problem.
You mean the countries we’ve bankrolled over the last 75 years and we’re still providing aid to countries that hate us!
We were there a couple months ago. Most of the locals still call it Saigon.
Yes it is. But it is poorly renamed. Ted Kennedy led the charge to defund the South Vietnamese so the North could over run it.
Saigon should have been renamed “Kennedygrad”.
How much of this population growth is due to inventions and discoveries by Westerners?
I see Saigon made the list.
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