Bengaluru has been ranked as the most dynamic city in the world by the World Economic Forum (WEF), beating even the Silicon Valley of the United States which is ranked third. IT capital of India Bengaluru has been announced the world's most dynamic city, ahead of the Silicon Valley and Shanghai, by real estate consultancy firm James Lang Laselle (JLL) in a report recently presented at the World Economic Forum (WEF) in Davos. The ranking was based on an index that captured the cities' economic changes and their abilities to sustain them.
India also overtook China to become the home for some of the world's fastest-growing cities, with six of them featuring in the top 30. This is also the first time an Indian city has been crowned as the world's "most dynamic" city, the report added. Bengaluru has emerged as the most dynamic city in Jones Lang LaSalle's 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.
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.
Top 10 cities in the JLL index are Bengaluru, Ho Chi Minh City, Silicon Valley, Shanghai, Hyderabad, London, Austin, Hanoi, Boston and Nairobi.The forum also noted that though the chosen cities are spread across the world, more than half of those in the top 30 belong to the Asia-Pacific region.
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.
Top 10 cities in the JLL index are Bengaluru, Ho Chi Minh City, Silicon Valley, Shanghai, Hyderabad, London, Austin, Hanoi, Boston and Nairobi.The forum also noted that though the chosen cities are spread across the world, more than half of those in the top 30 belong to the Asia-Pacific region.
"India snatched the lead from China as home to some of the world's fastest-changing cities, taking six of the top 30, compared to China's five. The overriding factors that characterise the world's most dynamic cities are technology and innovation — and cities that best absorb, adapt and leverage these drivers come out on top," the WEF said in a brief note.Some of the key factors that contributed to the ranking are: technology, liveability, affordability, space, environment and housing.
Of the top 30, Hyderabad (ranked fifth) is the only other Indian city besides Bengaluru which has found a place in the top 10. Among the next 20 cities, Pune has been ranked 13th, a place better than New York, while Chennai at the 17th spot has done better than San Francisco (21). Delhi (23) and Mumbai (25) have secured higher positions than Los Angeles and Stockholm. Ho Chi Minh City of Vietnam sprung a surprise by grabbing the second spot and pushing Silicon Valley to the third, the WEF report showcased. Most dynamic cities share the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity. Cities in India, China and Vietnam, along with several in the U.S., head the list of the world's fastest changing cities," said a press release by Jones Lang LaSalle.
Asia-Pacific cities comprise half of the top 30 fastest-changing cities. India has taken over from China as home to some of the world's most dynamic cities. Six Indian cities feature ."With more than half the world's population currently living in cities, a proportion that is expected to grow substantially over the next few decades, the success of our cities takes on great importance," noted Jeremy Kelly, JLL Director of Global Research. "The CMI highlights that, despite various political upheavals and ongoing economic uncertainties, many cities continue to show impressive dynamism. Keys to their success are the agility and openness that enable them to adapt quickly toeachn .
Asia-Pacific cities comprise half of the top 30 fastest-changing cities. India has taken over from China as home to some of the world's most dynamic cities. Six Indian cities feature ."With more than half the world's population currently living in cities, a proportion that is expected to grow substantially over the next few decades, the success of our cities takes on great importance," noted Jeremy Kelly, JLL Director of Global Research. "The CMI highlights that, despite various political upheavals and ongoing economic uncertainties, many cities continue to show impressive dynamism. Keys to their success are the agility and openness that enable them to adapt quickly toeachn .
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