Is Bengaluru the fastest growing city ?

According to Oxford Economics, an independent economic advice agency, Hyderabad would be the city with the fastest growth in the Asia-Pacific region in 2023, followed by Bengaluru, a city known for its high-tech industry. The two Indian cities would probably engage in strong competition for the title of fastest-growing major metropolis in Asia Pacific (APAC) in 2023 alongside cities like Bangkok, Shanghai, Beijing, Hong Kong, and Tokyo. According to a report by Oxford Economics, Bengaluru’s population would grow by more than 6% in 2023. Hyderabad is also predicted to have a comparable degree of development in 2023, along with Bangalore. The two cities in South India have garnered a lot of investments from the manufacturing, technological, and communication sectors.

Even though the year 2023 is predicted to be challenging for cities in the Asia Pacific region, there is a glimmer of hope, according to Oxford Economics. Cities that are vulnerable to weak global trade and those that excel in rapidly expanding industries are likely to have some resilience.
The anticipated advantages for Chinese towns following the relaxation of Covid-19 limits in 2023 were also mentioned.
Oxford Economics is a company with roots in Oxford that was founded in 1981 as a partnership between the business college at Oxford University and a stand-alone economic consulting company. More than 300 economists and analysts work for it, which has 20 locations throughout the world.