Summary:
A simple marriage that cost Rs4 lakh a decade ago will entail an expense of Rs10 lakh in the city now. In the last one decade, service sector has grown phenomenally in Surat.The growth of healthcare and hospitality sectors in the city has hovered around 11% per annum in the past one decade. The common observation of the three professional organizations has been the continuous growth of the Diamond City.Oxford Economics has credited the city’s growth to the high net value earning in diamond industry, increased value of remuneration in textile business and service sector. As earning increases, spending too goes up.” Population in the city has crossed over 50 lakh and if it still is able to maintain this growth, this has to be unparalleled in the country and a major reason for it stealing the limelight..