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How many Indian cities score high on the Global Cities Index? Well, none!
Even as five of the world's 10 most global cities are in Asia and the Pacific -- Tokyo, Hong Kong, Singapore, Sydney, and Seoul -- not a single Indian city figures among the top 40 cities of the world.
India's metros lag behind many other developed cities of the world. New Delhi is ranked at 45, followed by Mumbai at 46 and Kolkata at 63, out of the 65 cities surveyed. India's IT capital Bengaluru is ranked at a dismal 58. In terms of GDP, Mumbai ranks 25th, Delhi 32nd, Kolkata 44th and Bengaluru 53rd.
"The 21st century will not be dominated by America or China, Brazil or India, but by the city," said a report released by Foreign Policy magazine in collaboration with global management consulting firm AT Kearney and the Chicago Council on Global Affairs."The cities rather than states are becoming the islands of governance on which the future world order will be built," the report said.
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1. New York
New York is ranked as the No. 1 truly global city. Ranked 2nd in gross domestic product (GDP) and 6th in terms of population, it tops the charts on various parameters.
The study takes into account business activity, human capital, information exchange to its cultural experience and political engagement.
The data also scrutinised how many Fortune Global 500 company headquarters were in a city to the size of its capital markets and the flow of goods through its airports and ports, as well as factors such as the number of embassies, think tanks, political organisations, and museums, the study states.
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London, a growing business hub and a city gearing up for 2012 Summer Olympics, comes second among the global cities. Capital of the United Kingdom and the 28th most populated city, London is ranked 5th in terms of GDP.
Click NEXT to read on . . .The most populated city, Tokyo, is also the No. 1 city in terms of GDP.
Only four of the top 10 cities are national capitals. Washington comes in at No. 13. Beijing (15) edges out Berlin (16), which trounces Moscow (25).
Tokyo, meanwhile, took the third spot in terms of the top global cities in the world.
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