Five In­dian Cities Among World’s 30 Most Dy­namic

The Economic Times - - Companies: Pursuit Of Profit - Kailash.Babar @times­group.com

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

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