Bengaluru To Be Asia-Pacific’s Fastest-growing City In 2023 (2024)

FAQs

What is the fastest growing city in Asia-Pacific 2023? ›

Bengaluru, touted to be the fastest growing city in Asia-Pacific in 2023, is set to give a tough competition to international metros like Bangkok, Shangha, Beijing, Hong Kong and Tokyo. It is also the city that ranked a poor 146 on the Global Liveability Index in 2022.

Bengaluru is projected to be the fastest growing city in the Asia-Pacific (APAC) region in 2023, said economic firm Oxford Economics. As per Oxford Economics' analysis, Bengaluru is expected to grow by over 6% this year. Another South Indian city, Hyderabad is expected to see a similar kind of growth in 2023.

Hangzhou in China comes out on top of the list assessing the fastest-growing millionaire hotspots. The report found that between 2012 and 2022, the amount of individuals living there that have over $1 million worth of investable assets has soared by 105%.

Bengaluru To Be Asia-Pacific's Fastest-growing City In 2023

The Karnataka capital is expected to grow by more than six per cent in 2023, followed by Hyderabad. These two cities have evolved as attraction centres in terms of investments in the manufacturing and information and communication sectors.

Our forecast revisions imply that the economies of Asia and the Pacific are expected to contribute about 70 percent of global growth in 2023, which is a significantly larger share than we have seen during the past few years.

Fort Worth, Texas, had the largest numeric population gain in 2022, with an increase of 19,170 people. Phoenix, Arizona (19,053); San Antonio, Texas (18,889); Seattle, Washington (17,749); and Charlotte, North Carolina (15,217), rounded out the top five cities by numeric growth.

Is Bangalore developing fast? ›

Bangalore is likely to give a tough contest to cities like Bangkok, Shanghai, Beijing, Hong Kong and Tokyo in the fastest growing Asia Pacific (APAC) major cities in 2023. As per Oxford Economics' analysis, Bengaluru is expected to grow by more than six per cent in 2023.

Gujarat, Karnataka, Haryana are top 3 fastest growing major state economies - Here's the complete list of top 10 states | Economy News, Times Now.

Known as the Silicon Valley of India, Bangalore deserves the title. The city is home to numerous IT companies, startups, and multinational corporations, making it a hub for job opportunities. In comparison, Chennai has a more diverse economy, with industries ranging from automobile manufacturing to textiles.

China is the largest economy in Asia, comprising nearly half of the continent's gross domestic product.

1. Ireland [ GDP-PPP: 145,196 dollars, Population: around 49 lacks 61 thousand] Foremost richest country in this significant list of wealthiest countries 2023 is Ireland. This small country became the most prosperous country in the world in 2023.

Reasons Behind Bangalore Being The Fastest Growing City

Bangalore has the highest employability rate in India and is also the first choice for women when it comes to employability. It prides itself to be the most millennial-friendly city too. The city has 37% of its population between the age group of 15 to 35 years.

Why is Bangalore so developed? ›

Bangalore is sometimes referred to as the “Silicon Valley of India” (or “IT capital of India”) because of its role as the nation's leading information technology (IT) exporter. Indian technological organisations ISRO, Infosys, Wipro and HAL are headquartered in the city.

In other words, Bangalore has a strong arts and cultural heritage and continues to promote different forms of activities throughout the year. You will likely not miss out on anything even though the city may not compare to Delhi and Mumbai, both of which have perhaps a more vibrant and layered arts and culture scenes.

Asian countries are now the fastest growing economies in the world thanks to rising wealth and booming exports. The past few years has seen Asian economies, despite Covid-19 and lockdowns outperform developed markets.

Rice is by far the most important crop throughout Asia - 90% of the world's production and consumption occurs in this region.

Bamboo is the fastest growing plant on earth. Some species of bamboo can grow more than 1 meter per day, which is about 4 cm per hour.

Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the “second” estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent.

The US economy grew by an annualized 1.3% on quarter in Q1 2023, slightly higher than 1.1% in the advance estimate and market forecasts of 1.1%. Private inventory investment subtracted 2.1 pp from the GDP, slightly less than a 2.3 pp drag in the advance estimate.

According to the report, the world economy is now projected to grow by 2.3 per cent in 2023 (+0.4 percentage points from the January forecast) and 2.5 per cent in 2024 (-0.2 percentage points), a slight uptick in the global growth forecast for 2023.

According to the Mid 2023 Model, New York is currently the world's most important city—followed by Shanghai, Tokyo, London, and Beijing.

The first country to celebrate New Year's Eve annually is the Oceanic country Kiribati—the island of Kiritimati to be precise.

Which country will enter 2023 first? ›

Oceania is the place in the world which marks the New Year celebration first. Tonga, Kiribati and Samoa- tiny Pacific island nations- are the first to ring in a new Calendar year as here, January 1 starts at 10 am GMT or 3:30 pm as per Indian Standard Timing on December 31.

Based on migration data from the U.S. Census Bureau, Americans are moving to Austin, Texas; Raleigh, North Carolina; Orlando, Florida; Dallas, Texas; and Phoenix, Arizona. The most moved-to cities are based on percentage increases in population since 2010.

Florida is the fastest-growing state in America for the first time since 1957, according to the U.S. Census Bureau. The population in the southeastern state, which is known for its warm weather and sandy beaches, now tops 22 million.

Topping the 2023-24 list: Green Bay, Wisconsin. The magazine called Green Bay "The perfect mix of big-city amenities complemented with a Midwestern, small-town feel."

Vancouver has ranked third since 2015, while Vienna, Austria, ranked second until 2018 when it climbed to the top spot. The Syrian capital, Damascus, was ranked the least livable city of the 140 assessed in 2021 and 2022.

America's best (and worst) cities for employment opportunity and earning potential. Above you'll see that Nashville, TN tops the list as the best city in 2023 boasting the highest employment and earnings score of 86.7. Fast-growing Austin, TX places second on the list with an employment and earnings score of 85.6.

As a result of unplanned urbanisation, Bengaluru is going to be an unlivable and dead city in the next five years.” Urban expert Ashwin Mahesh slams the Bangalore Development Authority (BDA) for not coming with sectoral plans and facilitating land deals to benefit politicians.

Bangalore is considered to be one of the fastest-growing global major metropolises. Recent estimates of the metro economy of its urban area has ranked Bangalore as one of the most productive metro areas of India.

Bangalore scored the least out of the five Indian cities, ranking 146th with a score of 54.4 out of 100. This came as a shocker after the silicon valley of India topped the 'Ease of Living Index 2020', which was released by the Ministry of Housing and Urban Affairs.

Which state is most successful in India? ›

Maharashtra is the richest state in India. The state capital Mumbai is also known as the economic capital of the country.

1) Per capita Income: on this parameter, in FY 2023, Telangana recorded the highest per capita income of ₹2,75,443. It was followed by Karnataka with ₹2,65,623, Tamil Nadu with ₹2,41,131, Kerala with ₹2,30,601, and lastly Andhra Pradesh with ₹2,07,771 among five major south Indian states.

Everything comes at a premium in Mumbai, from housing to food to transportation. While Bangalore is a more affordable city, with lower prices for housing, food, and entertainment. So, if you're on a tight budget, Bangalore might be the better option.

1. Basavanagudi - One of the Most Posh Area in Bangalore. Basavanagudi, located in Southern Bengaluru, is one of the best posh areas in Bangalore.

The Silicon Valley of India, Bengaluru is India's third wealthiest city. It got the overall rank of 60 in the Henley & Partners's World's Wealthiest Cities List 2023. The capital city of Indian state West Bengal, Kolkata is India's fourth wealthiest city.

Insights. Vietnam and Cambodia are among the fastest-growing economies in Southeast Asia, with both countries projected to experience GDP growth of 5.8 per cent in 2023.

Suva city is one of the fastest growing cities in the South Pacific region that has seen recent increase in traffic on the road. This study aims to provide insights into the impact of traffic and industrialization on air pollution.

While its population growth is expected to slow after 2017 amid a demographic transition to an ageing population,4 UN population projections in Table A1:1 (see Appendix A) suggest the region's population will increase to 4.3 billion people (which constitutes a decline to 52.4% of the global population owing to strong ...

The forecasters predict annual-average over annual-average growth in real GDP of 1.3 percent in 2023, unrevised from their estimate of three months ago. The panelists are also maintaining their forecast for growth in the second quarter at an annual rate of 1.0 percent, unchanged compared with their previous projection.

Suddenly, India's roughly 6% pace doesn't look as decisive as China accelerates to the 4.5% output range. This annualized growth rate was China's fastest in a year.

What are the 3 fastest growing cities? ›

Fort Worth, Texas, had the largest numeric population gain in 2022, with an increase of 19,170 people. Phoenix, Arizona (19,053); San Antonio, Texas (18,889); Seattle, Washington (17,749); and Charlotte, North Carolina (15,217), rounded out the top five cities by numeric growth.

For the second year in a row, Georgetown, Texas, topped the list of most rapidly expanding metros, adding nearly 11,000 people over a one-year period — a 14% gain. The Census Bureau looked at the rate of population growth between July 2021 and July 2022 in metros with at least 50,000 people.

India to overtake China as world's most populous country in April 2023, United Nations projects. 24 April 2023 - China will soon cede its long-held status as the world's most populous country.

Asia population is equivalent to 59.76% of the total world population.