Which are India's most competitive cities? The City Competitiveness Report 2011 -- unveiled by an international think tank, Institute For Competitiveness (IFC) -- aims to answer this question.
The latest report is an indicative of how the corporate world selects the cities for investing and also how governance is important in assessing the level of competitiveness diversity spread across these cities. These variations will indicate to the governing bodies the issues that need to be addressed to improve the competitiveness of Indian cities.
The India City Competitiveness Report 2011 is based on the 'Microeconomic Diamond Model' laid down by management guru Michael E Porter and focusses on 'Strategy and Competitiveness'.
The model is widely accepted across the world and assesses the competitiveness of a region or domain based on specific benchmarks.
The core of the model -- competitiveness -- is founded across the four pillars: Factor conditions, demand conditions, context for strategy and rivalry, and supporting and related industries. These four pillars are interlinked and instrumental in determining overall competitiveness.
To gauge the productivity and thus the prosperity of a city or a region it is essential to identify and measure dimensions on and around these four pillars, which are further categorised into sub-indices that assess the various details of a city through a set of well-defined indicators.
A city would need to improve along all these factors to increase its competitiveness. Each of these factors is further divided into sub-indices, which in turn are measured through indicators.
1. New Delhi
Overall competitive score: 78.02
New Delhi, the capital of India, has once again emerged as the top metropolis in the country and retained the title of the most competitive city in India.
2. Mumbai
Overall competitive score: 72.93
Mumbai is the second most competitive city in India, according to the report by Institute for Competitiveness. It is the second most populous city in India, and the fifth most populous in the world. The financial hub of India, Mumbai attracts people from all over India.
3. Bengaluru
Overall competitive score: 65.28
If the trend is analysed in the Competitiveness Index 2011 then it is exhibited that Bengaluru has jumped one spot up to the 3rd rank. Bengaluru is well known as a hub for India's information technology sector.
4. Pune
Overall competitive score: 64.27
Last year, Pune was the 8th most competitive Indian city, but has leapt to the 4th spot this year. The eighth largest metropolis in India, Pune is also the second largest city in Maharashtra.
5. Chennai
Overall competitive score: 62.75
Chennai saw a drop of three positions in competitiveness this year and is ranked at the fifth place.
Chennai is the sixth most populous city in India.
6. Gurgaon
Overall competitive score: 62.30
The report said it was surprising to note that Gurgaon figured in the list of the top 10 competitive Indian cities, at the sixth position, despite holding low scores in the administrative and human capacity.
7. Kolkata
Overall competitive score: 61.99
Kolkata is India's 7th most competitive city. Capital of West Bengal, it has a population of over 15 million. Like its many other metropolitan cousins, Kolkata suffered from economic stagnation in post-independence India.
8. Hyderabad
Overall competitive score: 61.76
Hyderabad, one of the largest metropolitan cities in the country, is the 8th most competitive Indian city.
9. Ahmedabad
Overall competitive score: 60.86
Ahmedabad, the financial capital of Gujarat, is India's 9th most competitive city. It is the seventh largest metropolitan area in India. In 2010, Forbes magazine rated Ahmedabad as the fastest-growing city in India.
10. Jaipur
Overall competitive score: 59.72
Jaipur maintains its position by stabilising its overall growth and is placed at the 10th spot. The capital of Rajasthan, Jaipur is one of the finest planned cities of India.
Source: Rediff.com
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