Delhi Ranked 6th In The List Of Fastest Growing, Best Performing Metro Cities In The World: Study

The Logical Indian Crew

September 26th, 2018 / 2:44 PM

Delhi Ranked 6th Fastest Growing Metro

Image Credits: NDTV

According to a recent report released by Brookings’s study titled the Global Metro Monitor 2018, Delhi has been ranked 6th among the world’s fastest-growing metro cities. The study listed the 300 largest metropolitan economies of the world and considered their economic performance between 2014 and 2016 at Purchasing Power Parity (PPP) rates reported Business Today. The top five cities ranked before Delhi are Dublin (Ireland), San Jose (US), Chengdu (China), San Francisco (US), and Beijing (China). “In 2016, the 300 largest metropolitan areas accounted for a little under one-fourth of the world’s workforce but generated nearly one-half of the world’s production,” the study said. Among the nine Indian metro cities which were listed in the study, Delhi was by far the best performer. 

According to The Times of India, Delhi has generated over 6.2 lakhs jobs during 2014-2016, which represents a growth of 4.7 per cent while its per capita income was raised by 6.6% and added $500(PPP) to the per capita income. On the other hand, Dublin has witnessed a per capita GDP growth of 21.2 per cent over the two year period. Although Mumbai is known as the financial capital of the country, these figures showed that Delhi is doing a great job. A large number of people come to Delhi from all over India looking for job opportunities, and not only from India but adjoining countries like Nepal and Bangladesh. Although it’s doing great in the economic front but is lagging behind in other aspects like quality of life and happiness. Delhi has been ranked 6th in the top ten polluted cities of India.


Other Indian cities made to the list

The other Indian metropolitan cities which made to the top 100 list are Hyderabad (14), Surat (19), Mumbai (23), Bengaluru (46), Kolkata (59), Ahmedabad (86), and Pune (88). As per the report, the strong performers in India included Delhi and Hyderabad. While Delhi achieved the largest employment increase in the region, Hyderabad showed the fastest GDP per capita growth rate of 8.7 per cent. Out of the top 10 cities on the list, five are in China.


Increase in Asian fastest growing metropolitan cities

Talking about the increase of fastest-growing metropolitan areas in Asia the report has said, “Metropolitan areas within the top 300 in China (55 new entrants), the Middle East and Africa (10), and the rest of the emerging Asia Pacific (8) have all increased, whereas metro areas in North America, Western Europe and Advanced Asia-Pacific have lost 64 slots in total.”

It also said that the emerging economies accounted for 80% of the 60 best-performing metropolitan areas. Large metro areas in China and Emerging Asia-Pacific dominate the upper positions. However, not all emerging market metro areas performed well. The bottom quintile of metro areas which showed slower growth rates included many Latin American metro areas. 


Also Read: Delhi Metro Is World’s Second Most Unaffordable Transport: CSE


Contributors

Written by : Santosh Kumari (Intern)

Edited by : Sromona Bhattacharyya

Share your thoughts..

Related Stories

Fastest Growing City India

17 Of Top 20 Fastest Growing Cities Will Be From India, Reveals Study

Hindi Fastest Growing Language

Hindi The Fastest Growing Indian Language While Number Of Dravidian Language Speakers Come Down: Census Report

14 Out Of 15 World’s Most Polluted Cities From India; Kanpur Tops The List: WHO Report

India Loses Tag Of Fastest-Growing Major Economy: Growth Slows To Lowest Point In Over Two Years

India Overtakes US, Ranked 2nd Best Country For Renewable Energy

India’s Fastest-Growing State: Meghalaya And Other Unknown Facts Of Northeast States

Latest on The Logical Indian

Awareness

In A Historic Move, Norway To Stop Its Biofuel Industry From Buying Palm Oils Linked to Deforestation

Get Inspired

Tamil Nadu Honour Killing Survivor And Dalit Rights Activist, Kausalya Remarries In Coimbatore

News

WB: BJP Booth Level Leader Murdered, Party Accuses TMC

News

UK Court Orders Vijay Mallya’s Extradition To India

Awareness

“Didi: The Untold Mamata Banerjee” – A New Biography Tracing The Political Journey Of The Firebrand Leader

News

Chaos In France: Over 1200 Arrests, Widespread Violence & Protests Force President To Break His Silence

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.