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New Delhi: India's
capital has emerged the most competitive city in the country for
the third straight time with the commercial hub of Mumbai
retaining the second spot, according to a report by an
international think tank released Wednesday
Chennai, Hyderabad and Kolkata, in that order, make up the top
five in rankings of the India City Competitiveness Report-2012,
compiled by the Institute for Competitiveness (IFC) that conducts
studies in this area for use by businesses and governments.
"Faridabad, with its high growth has drastically improved in its
ranking and holds the 29th spot. Similarly Guwahati recorded a
wide improvement in its position," says the report, unveiled
Wednesday to coincide with Singapore Prime Minister Lee Hsien's
visit here.
The fifth edition of the India City Competitiveness Report is
based on a model that has been established by celebrated
management guru, Michael E. Porter, Bishop William Lawrance
University Professor, based at Harvard Business School.
Regarding New Delhi, the report says the city has managed to
demonstrate a phenomenal growth over a period of time by balancing
demand and development in equal measure. The two areas it is found
lagging in are administrative and institutional support.
The report also says that Noida, another city with close proximity
to New Delhi, is now giving tough competition to the metros, even
as Pune and Ahmedabad, which had very high potential slipped a few
notches, but remained in top 10 slots.
Among the smaller cities, while Coimbatore, Mysore, Madurai and
Guwahati climbed up, Surat, Lucknow, Agra and Allahabad dropped in
their rankings.
"Undoubtedly, Indian cities have the required potential to make
their mark across the globe. this is clearly evident with igh
urbanization rate of these cities and by the trend of their
growth," says the report.
"However, it is required that Indian cities work on their strong
areas and use it constructively to attract people from different
genres. They should build a brand of their own and not follow some
other global city."
Porter's model is founded on four pillars -- the factor
conditions, demand conditions, context for strategy and rivalry,
and the quality of supporting and related industries. These are
further divided into 12 sub-pillars to give information on 50 top
cities.
"Cities are drivers of any economy. Their growth will enhance the
growth of states and eventually that of the country. In the past
few years, they have risen from their age-old shells and proving
their potential on the global front," says IFC chair Amit Kapoor.
When benchmarked globally, Indian cities have much to catch up.
Delhi, which takes the top slot in the country, is benchmarked at
46.7 -- which is way below 71.4 for New York, 70.4 for London,
55.2 for Shanghai and 69.3 for Hong Kong.
Here's the ranking of top 10 cities and their score:
-Delhi: 69.732
-Mumbai: 67.856
-Chennai: 62.323
-Hyderabad: 61.782
-Kolkata: 61.464
-Gurgaon: 61.167
-Bengaluru: 61.100
-Noida: 60.406
-Pune: 59.854
-Ahmedabad
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