20 sats \ 5 replies \ @Undisciplined 20 Sep \ parent \ on: Surat, The Diamond City, aims to become $1.3 dollar economy by 2047 econ
I didn't know what kind of population might be reasonable for this city. Tokyo is the largest in the world at about 30 million, so I didn't want to go any higher than that for the estimate.
The SER has more than 20 million people who are proper residents of that place. And you can add at least 5 million who live there temporarily for work. So 25 million.
reply
Ok, so if they can get to around $40k in 25 years that would do the trick. Not knowing more than what's in the post, that doesn't seem super far fetched. Many cities on the Chinese coast attained something like that level of prosperity more than a decade ago.
reply
It won't be like 25 million earn 40k but there will be some who will be contributing in billions to the GDP, some in millions and then some in Ks. So, it can happen.
reply
Exactly. I'm just guestimating here, but I'd think median income would need to be at least $10k.
reply
Yes, I agree. And it wouldn't be too hard to achieve as Surat is already a city which deals in diamonds. Also the Gujrati people are very intelligent businessman and currently the richest, so $10k in 2040 or 2050 won't be a big deal.
reply