Monday, January 28, 2008

Surat tops GDP race at 11.5%

India’s diamond capital, Surat, Gujarat has averaged 11.5% annualised growth between 2001-02 and 2006-07, even surpassing China’s 13-year record of 11.4% growth in 2007.
India’s average GDP growth of over 8% may have lagged China’s impressive double-digit growth in recent years, but a couple of non-metro, though large Indian cities have been punching well above the national average.
The Bangalore city region (which combines two districts in Bangalore city and Bangalore rural) at 10.3% and Ahmedabad city region (Ahmedabad and Gandhinagar districts) at 10.1% have delivered double-digit annualised growth within the same period, with Vadodara at 9.8%, just shy of the 10% mark.

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