Hyderabad: Hyderabad is racing up the global growth charts, emerging as the fourth fastest growing city by GDP by 2035, driven by a robust annual growth rate of 8.47% and an economy projected to touch $201.4 billion at current prices.According to the Economic Survey 2025-26 tabled by the Centre on Thursday, the Greater Hyderabad Municipal Corporation (GHMC) has also earned national distinction as India’s leading municipal corporation in bond issuance, raising 500 crore through municipal bonds up to Sept 2025—the highest by any city in the country.
The survey projects Hyderabad’s GDP to quadruple from $50 billion in 2018 to $201.4 billion by 2035. Only Surat, Agra and Bengaluru are expected to grow faster, with projected rates of 9.17%, 8.58% and 8.50%, respectively. Vijayawada in Andhra Pradesh is also set to feature among the top 10 fastest growing cities, with a projected GDP growth rate of 8.17%. Its economy is expected to expand from $5.6 billion in 2018 to $21 billion by 2035. In municipal bond mobilisation, Ahmedabad follows Hyderabad, having issued 400 crore worth of bonds during the same period. The economic momentum reflected in the survey aligns with Telangana’s long-term ambition of becoming a $3 trillion economy by 2047, with Hyderabad positioned as the primary engine of growth.Industrial growthThe survey also underscores Telangana’s industrial strength, noting that the state accounts for nearly 5% of India’s total manufacturing employment, underlining its growing role in the national industrial landscape. Beyond manufacturing, Telangana has emerged as a major contributor to the services sector, particularly in high-productivity areas such as information technology, finance and professional services. Hyderabad is home to nearly 7% of India’s AI startups, reinforcing its status as a technology and innovation hub.
