Delhi pips Mumbai as most competitive city to attract capital, biz

The study, which has been commissioned by the Citigroup, ranked Delhi at number 68 in the list of 120 of the world's major cities.

hidden June 25, 2012 10:20:07 IST
Delhi pips Mumbai as most competitive city to attract capital, biz

Mumbai: Delhi has been named the most competitive city in India for its demonstrated ability to attract capital, business, talent and tourists by a new Economist Intelligence Unit (EIU) research report.

The study, which has been commissioned by the Citigroup, 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.

Delhi pips Mumbai as most competitive city to attract capital biz

Photo: regus.co.in

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 $ 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 US 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, London, Singapore, Paris and Hong Kong (jointly fourth), Tokyo, Zurich, Washington, DC, Chicago,

and Boston.

PTI

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Delhi HC stays state govt's decision asking 12 DU colleges to pay pending salaries from Students Society Fund
India

Delhi HC stays state govt's decision asking 12 DU colleges to pay pending salaries from Students Society Fund

Justice Navin Chawla passed the order on a plea by Delhi University Students Union which said the students fund cannot be used for anything other than students' welfare

Survey to ascertain Karnataka-AP boundary, destroyed by mining in Ballari forest, begins tomorrow
India

Survey to ascertain Karnataka-AP boundary, destroyed by mining in Ballari forest, begins tomorrow

According to officials many of the inter-state boundary markers in the villages of Tumati, Vithalapur, Malappanagudi and Siddapur have been destroyed

Police arrest 26-year-old in hit-and-run of cyclist in south Delhi's Fatehpur Beri
India

Police arrest 26-year-old in hit-and-run of cyclist in south Delhi's Fatehpur Beri

The police found the injured victim, Akhilesh, near Rosewood Farm, Jonapur-Mandi Road. He was taken to AIIMS Trauma Centre where he died during treatment