Mumbai way ahead of Delhi and Bengaluru on emerging world cities list

Q: Mumbai is 4th on the list of emerging world cities after Shanghai, Beijing and Dubai.

Awar Ali,

21st December 2015

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And it is only possible when emerging cities need to solve three major barriers to growth and success, which include aspects like how to build and sustain multiple sources of investment for infrastructure and development, attract talent and bridge local skills gaps, and organise and co-ordinate metropolitan space.

Priyadarshini, Pune

21st December 2015

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The logic applied for this selection is that 26% of firms with revenue above $1 billion are based in emerging world cities, and this share could potentially reach 50% by 2025. However, the report pointed out that while Mumbai has been performing well at attracting real estate investment and outsourcing activities, it is facing chronic infrastructure supply challenges, which act as a hurdle for transnational firms. The same issues are being faced by Manila and Jakarta.

Sashmita Nair, Bangalore

21st December 2015

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@Sashmita,
International firms find these cities attractive as they expand their operations in South and South East Asia, because of low costs and huge market opportunities. At the same time, they face considerable urban infrastructure shortages.

Jeet Bhaskar, Delhi

21st December 2015

You mean to say that these cities need to focus on aspects like reducing complexity of preparing, assembling and executing projects, which prevent capital investment budgets from being fully deployed on a year-by-year basis.

Sashmita Nair, Bangalore

21st December 2015

Right Sashmita,
As there has been significant improvement in Mumbai on this front with steps taken to improve transparency, strengthen governance, reduce red-tapism and the complexity in execution of projects.

Jeet Bhaskar, Delhi

21st December 2015

Hi,
New Delhi and Bengaluru too figure in the report titled "Globalisation and Competition: The New World of Cities", but lower down the list. Delhi and Bengaluru ranked 14th and 18th respectively among emerging cities. Significant improvement in Mumbai with steps taken to improve transparency, strengthen governance figure it on the 4th place.

Sashmita Nair, Bangalore

21st December 2015

Comment

Hello Sushmita,
As per report Mumbai is seeing an urban consumer demand flow between now and 2030, along with centres outside China such as Jakarta and Istanbul. This growth has big implications for the growth of the retail sector, and for the demand and supply of different kinds of space in these cities.

Bikram, Mumbai

21st December 2015