Mumbai, Delhi most competitive cities for businessOctober 14th, 2008 - 6:20 pm ICT by IANS
New Delhi, Oct 14 (IANS) Mumbai and Delhi top the list of top 10 cities for doing business in India, according to a competitiveness index report prepared by the real estate-focused publication Realty Plus.The report - 2008 City Microeconomic Competitive Index - highlights the business opportunities offered by various cities, and the challenges investors can expect.
The report maps the competitiveness of the 10 leading cities on a highly evolved framework of multiple dimensions encompassing 225 indicators.
Mumbai tops list, followed by Delhi and Hyderabad. Other cities on the list are Bangalore, Ahmedabad, Chennai, Kolkata, Pune, Chandigarh and Gurgaon.
“These cities present an excellent opportunity for embarking on pathways to build a stronger India, on the other they are onto trajectory of disasters,” the report said.
Mumbai scores the highest in best overall business environment, excellent demand condition and most superlative factor conditions.
Delhi scores in terms of superior competitive intensity, best supporting industries and very good factor conditions; however, its weakness lies in very poor quality of life, little state incentive for business and high costs.
Bangalore scores in excellent knowledge creation infrastructure and good market. Its weaknesses are inadequate infrastructure, poor income distribution pattern and very high business cost.
A city is deemed competitive if it exploits its conditions - labour, capital, land, natural resources - not merely in the form they are available, but adds value and leverages the conditions for reaping the maximum economic benefits.