Bangalore has emerged as the most dynamic city in the fourth annual City Momentum Index of cities around the world, followed by Ho Chi Minh City of Vietnam and Silicon Valley in the U.S. Hyderabad also makes it to the Top 10, ahead of London, and Chennai and Pune to the Top 20, but environmental factors push Delhi and Mumbai to the 23rd and 25th spots.
Also, India has taken over from China as home to some of the world’s most dynamic cities.
The Index tracks the speed of change of a city’s economy and commercial real estate market. It covers 134 major established and emerging business hubs and identifies cities that have the potential to maintain the greatest dynamism over the short and long term.
Six Indian cities feature in the CMI Global Top 30, with the country’s primary technology hub, Bangalore, moving into the top spot for the first time.
The report noted that dynamic labour markets help fuel some ‘Emerging Megacities’ such as Chennai, Manila, Delhi and Mumbai. However, this group faces significant infrastructure and quality of life issues, with high levels of inequality, congestion and pollution hindered by weak city governance.
Source: Knowstartup.com
