The World's Most Competitive Cities


Bangalore:  New York and London are the world's most competitive cities, revealed a study by the Economist Intelligence Unit commissioned by Citigroup. The competitive cities were rated in terms of their economic strength, physical capital, financial maturity, institutional effectiveness, social and cultural character, human capital, environment and natural hazards and global appeal. U.S. and European cities are the world’s most competitive today, in spite of concerns over ageing infrastructure and large budget deficits.

New York ranked first and London second on the world’s most competitive cities, while, cities from the United States and Western Europe account for 24 of the top 30 cities. While there is much concern in the West about the impact of the financial crisis, which has slowed plans for urban renewal, this has not reduced the capacity of U.S. and European cities to attract businesses, capital, talent, and tourists.

Indian cities ranked far behind. Mumbai ranked 70 among the competitiveness of 120 of the world’s major cities, while Delhi ranked 68, Bangalore ranked 79 and Ahmadabad ranked 92.

Singapore ranked third on the overall ranking, while Paris and Hong Kong shared the fourth position. Tokyo took the sixth position and Zurich took the seventh, followed by Washington on eighth. Chicago and Boston were on position nine and ten respectively.