Benchmark
Asia's Fastest-Growing Cities Aren't All in China
India accounts for six of the 10 cities forecast to be Asia's fastest expanding over the next five years
The Presidential Residence in New Delhi, India
Prashanth Vishwanathan/BloombergThis article is for subscribers only.
Move over, Shanghai. The fastest growing city in Asia over the next five years will be Delhi, according to Oxford Economics. Chinese cities make up only three of its top 10 list, with India accounting for six. Ho Chi Minh City is the sole outsider beyond the two giants.
Delhi's economy is forecast to grow at an average annual rate of 8.5 percent over the next five years, with the southern city of Chennai and the financial hub of Mumbai seen expanding at a pace of 7.8 percent and 7.6 percent, respectively. Beijing, which is in 10th spot, is seen growing at 6.2 percent a year.