NEW DELHI: India’s capital has emerged the most competitive city in the country for the third straight time with the commercial hub of Mumbai retaining the second spot, according to a report by an international think tank released on Wednesday
Chennai, Hyderabad and Kolkata, in that order, make up the top five in rankings of the India City Competitiveness Report-2012, compiled by the Institute for Competitiveness (IFC) that conducts studies in this area for use by businesses and governments.
The report is based on a model that has been established by celebrated management guru, Michael E Porter, Bishop William Lawrance University Professor, based at Harvard Business School.
Regarding New Delhi, the report says the city has managed to demonstrate a phenomenal growth by balancing demand and development in equal measure. The two areas it is found lagging in are administrative and institutional support.
Among the smaller cities, while Coimbatore, Mysore, Madurai and Guwahati climbed up, Surat, Lucknow, Agra and Allahabad dropped in their rankings.
Porter’s model is founded on four pillars — the factor conditions, demand conditions, context for strategy and rivalry, and the quality of supporting and related industries. These are further divided into 12 sub-pillars to give information on 50 top cities. When benchmarked globally, Indian cities have much to catch up. Delhi, which takes the top slot in the country, is benchmarked at 46.7 — which is way below 71.4 for New York, 70.4 for London, 55.2 for Shanghai and 69.3 for Hong Kong.