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Delhi, Mumbai to join world's richest cities list

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Agencies

Posted: Nov 08, 2009 at 1438 hrs IST

London India's financial hub Mumbai and political capital Delhi are likely to witness a significant jump in economic growth along with other emerging markets and make it to the league of the world's wealthiest cities by 2025, a report says.

"New York, London and Paris may trip off the tongue as the world's top cities in terms of wealth but over the next 15 years emerging cities like Sao Paulo, Shanghai and Mumbai will give them a run for their money," the Observer said quoting a research report of consultancy firm PricewaterhouseCoopers.

The league table of the world's great cities is going to change radically between now and 2025, thanks to the economic growth of many cities in the emerging world, which is likely to be much stronger than that in many developed economies.

As per PwC, Delhi, Guangzhou, Rio de Janeiro, Istanbul and Cairo are all likely to rise rapidly up the table between now and 2025.

The current and projected top five in the global gross domestic product per capita rankings are likely to remain the same -- Tokyo, New York, Los Angeles, London and Chicago.

Citing the PwC report the Observer said, Shanghai is set to rise from its current 25th place to 9th by 2025, with Mumbai likely to storm to 11th from its current slot of 29.

Beijing would leap from 38th to 17th place and Sao Paulo in Brazil would jump to 6th from the present 10th place by 2025.

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re: proceed with caution and gradually towards the aim by Rama Mohan Anne on 10 Nov 2009

Though I do not agree 100% with Jadav some points I do agree with him yes civic pride from community and good administration planning from Muncipal/Corporate authorities and administration should move us towards the goal it has to be in steps at the same time rural folks need jobs as well but as DR Apj abdul kalam has suggested we need PURAS(Urban amenities at Rural level) only then we can have a sustained cleaner cities Rama Mohan Rao Anne Sydney Australia

Really?!! by Jadav on 09 Nov 2009

Around 50% of Mumbai's population lives in sub-human conditions in the slums such as Dharavi - which has the dubious distinction of being the largest slum in Asia. I just cannot believe that in 16 years all this will be history. I have seen 3 of the top 4 cities viz. New York, London and Paris. Admittedly they do have run-down, inner city areas such as Bronx and Brixton, but nothing compares with the slums of Indian cities. If being rich means having the maximum number of millionaires, then that maybe a different matter. However, when it comes to public services i.e. transport, traffic management, utilities (water and electricity), world class infrastructure (Airports, Metro and Rail) etc., I think we are eons behind other front runners - let alone current leaders. Assuming we do catch up on ALL of these, there is the monumental task of instilling civic sense and pride in the citizens. Old and filthy habits (like spitting, urinating and defecating in public) die hard.

Delhi, Mumbai to join world's richest cities list by Indian on 08 Nov 2009

It is indeed good news, at the same time Two Cities should be figured in World No. 1 Cities in crimes because, in both states, stupid congress unable to control crimes, they are interested in just minting public money

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