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Bengaluru Ranked World's Fastest-Growing Major City by 2035 in Savills Growth Hubs Index

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Bengaluru has been ranked as the world's fastest-growing major city through 2035 according to Savills' Growth Hubs Index. The ranking assessed 245 global cities using metrics such as projected GDP growth, personal wealth expansion, demographic trends, inward migration, and high-income household counts. Bengaluru's top position is attributed to its talent pool and its role as a hub for Global Capability Centres (GCCs), offshore units of multinational companies focusing on technology, finance, analytics, and operations. India has multiple cities in the top 20 rankings, reflecting broad-based urban and economic growth, while Asia-Pacific cities constitute the majority of the fastest-growing cities.

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Key Facts

  • Bengaluru ranked first globally among 245 major cities as the fastest-growing city through 2035 according to Savills' Growth Hubs Index.
  • The index's evaluation criteria include projected GDP growth, personal wealth increases, demographic trends, inward migration, and the concentration of high-income households.
  • India has multiple cities within the top 20 fastest-growing cities, indicating widespread urban growth in the country.
  • Bengaluru is recognized for its large concentration of Global Capability Centres (GCCs), which are offshore units set up by multinational firms for business functions including technology, finance, analytics, and operations.
  • Asia-Pacific cities account for approximately 75% of the top 50 and 85% of the top 20 fastest-growing cities in the ranking.

Background & Context

Savills, a global real estate advisory firm with research programs focused on cities and property markets, created the Growth Hubs Index as a long-term ranking of cities based on economic and urban growth prospects. Bengaluru’s prominent ranking reflects its vast and skilled talent pool, along with its transformation into a center for Global Capability Centres, which have evolved beyond cost-arbitrage operations to encompass high-end research, development, and global business services. This growth embodies India's structural economic advantages, including a youthful workforce and maturing technology ecosystem. The Asia-Pacific region dominates the ranking, showing the area's dynamic urban and economic expansion.

Why This Matters for Exams / Exam Relevance

This ranking highlights Bengaluru’s and India’s increasing importance in the global economy, especially in technology, services, and urban development. Knowledge of urban growth indices like Savills' Growth Hubs, the role of GCCs in India’s urban economy, and demographic and economic growth drivers is relevant for competitive exams focusing on geography, economics, and current affairs. The dominance of Asia-Pacific cities also reflects broader regional economic trends pertinent to understanding global urbanization and investment patterns.

Points to Remember

  • Savills' Growth Hubs Index ranked Bengaluru as the world's fastest-growing major city through 2035.
  • The index evaluated 245 cities globally using comprehensive socio-economic indicators.
  • Bengaluru’s growth is driven by its role as India’s technology and GCC hub.
  • Global Capability Centres contribute significantly to Bengaluru's economic dynamism.
  • India has multiple fast-growing cities in the index, denoting broad urban development.
  • Asia-Pacific cities dominate the rankings, indicating rapid regional urban growth and investment opportunities.
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