Jaipur and Surat will emerge as two new A-class metros by 2018, with a combined household income of over Rs 80,000 crore, predicted an EY report titled ‘‘India’s growth paradigm: How markets beyond metros have transformed.’
Within two years, both the cities will cross the Rs 80,000 crore threshold with total consumption levels to reach 75%-80% of metros like Pune and Ahmedabad.
The report identifies 42 cities, which are expected to grow at 8.9 per cent compared to the 8 metros at present that are expected to grow at a CAGR of 8.3 per cent in 2015-20.
“Non-metro growth is outstripping the metros. There are clear cases of unmet demand in the top 50 cities in some sectors. This provides a huge opportunity for various sectors to widen and deepen marketing strategies,” he added.