Delhi most competitive city in India: EIU report
Mumbai: Delhi has been named the most competitive city in India in a new Economist Intelligence Unit (EIU) research report.
The study, which has been commissioned by Citi, ranked Delhi at number 68 in the list of 120 of the world`s major cities. The national Capital has edged out financial hub of Mumbai, which ranked 70th in the index, followed by Bangalore, India`s Silicon Valley, at 79th rank, Pune at 97, Chennai at 105 and Kolkata at 106.
The report, entitled Hot Spots, ranks the most competitive cities in the world for their demonstrated ability to attract capital, business, talent and tourists.
With a combined population of about 750 million, the 120 cities ranked in Hot Spots represent approximately 29 percent of the global economy and generated a combined GDP of USD 20.24 trillion in 2011.
In terms of `economic strength`, the most highly weighted category, 15 of the top 20 cities are in Asia of which two are from India–Bangalore (16th) and Ahmedabad (19th). Overall, it was European and U.S. cities which are the most competitive globally, the report said.
According to the report, the 10 most competitive cities in the world are: New York (1st), London (2nd), Singapore (3rd), Paris and Hong Kong (joint 4th), Tokyo, (6th), Zurich (7th), Washington, DC (8th), Chicago (9th), and Boston (10th).