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HYDERABAD: Hyderabad stood at second position
among the top 20 most dynamic cities in short term growth category of the
world. According to a report published by World Economic Forum as a part of the
WEF Annual Meeting, the rank of Hyderabad dips in short term growth category in
an annual report of JLL City Momentum Index (CMI)-2019 (this is yet to be
released).
The JLL City Momentum Index Short-Term Momentum rankings identify the urban
economies and real estate markets which are currently undergoing the most rapid
growth.
As per the WEF report, “The rankings track a range of socioeconomic and
commercial real-estate indicators to identify attributes for success over the
short term”.
In the last year’s city momentum index rankings, parameters like public
infrastructure, start-ups, patent applications, innovation capability and
quality of environment were also considered.
According to the JLL CMI -2018 rankings, India maintains its pre-eminence in
the Short-Term Momentum rankings with four of the top five markets, as its
cities register among the highest rates of demographic and economic growth
globally, while also benefitting from government efforts to boost business
attractiveness and invest in infrastructure.
The country’s leading tech hubs Hyderabad and Bengaluru take the two top
positions, Hyderabad at 1st and Bengaluru at 2nd which
changes this year as Bengaluru now hold the first position and Hyderabad at
second in CMI-2019 rankings. While in 2018 rank of Delhi was 8th ,
Pune was at 5th , Chennai at 14th and Kolkata at 5th
among the Global top 30, this year in JLL CMI-2019 rankings, Delhi’s position
improved and it comes at 4th position and Chennai at 7th position.