Five Indian Cities Among World’s 30 Most Dynamic
Mumbai: India’s climb past China on the ladder of fastest-expanding economies has made its cities match those in its northern neighbour for glitz and glamour, with six South Asian urban centres featuring in a global index of 30 dynamic cities against five from the Asian powerhouse.
At the top of JLL’s City Momentum Index 2017 sits Bengaluru, that has knocked global financial hotspot London off the perch the UK capital had tenaciously held on for two years. Hyderabad follows at 5, while Pune at13, Chennai at 18, Delhi at 23, and Mumbai at 25 constitute the rest of the Indian presence on the list.
India’s dominant presence is in sharp contrast to the list three years ago that did not have even a single city. In this period, the rate of economic growth in China has moderated, allowing India to emerge as the world’s fastest-expanding major economy. Among the most densely-populated areas globally, the Indian cities on the list have shown the fastest change on key parameters — economic output, corporate headquarters,FDI, construction, absorption and prices of commercial real estate, investment transactions and transparency. “Hyderabad and Bengaluru also lead the rise of agile emerging world cities figuring with best-in-class examples such as Shanghai, Shenzhen and Dubai. Being India’s leading IT hub, Bengaluru has attracted a range of leading technology firms, apart from nurturing successful start-ups,’’ Ramesh Nair, COO, JLL India, told ET.
India’s dominant presence is in contrast to the rankings three years ago that had no Indian city