Yes, Bengaluru is most dynamic in world

Yes, Bengaluru is most dynamic in world

According to the index released by the Chicago-based cities research centre, JLL measures population, connectivity, technology, research & development, education, construction, real estate investment and property prices as the main criteria for choosing the most dynamic cities.

In other words, innovation and technology were key.

.

Of the top 30, Hyderabad (ranked fifth) is the only other Indian city besides Bengaluru which has found a place in the top 10. Ho Chi Minh City of Vietnam sprung a surprise by grabbing the second spot and pushing Silicon Valley to the third, the WEF report showcased.

CMI index is used to identify change and highlight which cities or metropolitan areas may be best at positioning themselves to compete in the current ever-changing economic landscape.

"With more than half the world's population now living in cities, a proportion that is expected to grow substantially over the next few decades, the success of our cities is taking on an even greater importance", notes Kelly. "Key to their success is their agility and openness, enabling them to adapt quickly to each new wave of global change".

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In order to remain competitive in a global world, these cities must turn their focus on longer-term drivers of growth, says Kelly.

HCM City was reported to have attracted US$3.7 billion from foreign direct investment in 2016, bringing the total to $40.99 billion.

The fellow residents of Koshy's, Ramachandra Guha, Nandan Nilekani and Kiran Shaw might not know this, but their city has one more thing to be proud of. "It will place more emphasis on mayoral policy and the ability to shape the future of urbanization". These cities provide a fertile environment for innovation and successfully integrate into global networks, often outperforming their national economies.

The forum also noted that though the chosen cities are spread across the world, more than half of those in the top 30 belong to the Asia-Pacific region. Among the next 20 cities, Pune has been ranked 13th, a place better than NY, while Chennai at the 17th spot has done better than San Francisco (21).

Despite the many challenges that our cities face, the world's most robust, agile and open cities are generating considerable momentum and energy.

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