Business down in Mumbai
That Mumbai is a rising international business hub is known. But a report released by MasterCard on Emerging Markets Index reveals that while Mumbai tops the chart when it comes to financial services network and trading in shares and bonds, it performs miserably where security, infrastructure, technology penetration and quality of urban life are concerned.
The report, released on Monday, ranked 65 cities across the globe. Eight Indian cities Mumbai, New Delhi, Bangalore, Hyderabad, Kolkata, Chennai, Pune and Coimbatore made it to the list. This was only second to China, which had 15 cities.
Mumbai took the lead among Indian cities at rank 19. But nine Asian cities occupied higher positions than Mumbai out of which six were from China. New Delhi came second at 28 followed by Bangalore at 38, Chennai at 39, Hyderabad at 46, Kolkata at 48 and Pune at 52. Last year, the Prime Minister set up a task force to make Mumbai an international financial centre.
To read the full article, click here..
To read the ePaper, visit: http://epaper.hindustantimes.com
The report, released on Monday, ranked 65 cities across the globe. Eight Indian cities Mumbai, New Delhi, Bangalore, Hyderabad, Kolkata, Chennai, Pune and Coimbatore made it to the list. This was only second to China, which had 15 cities.
Mumbai took the lead among Indian cities at rank 19. But nine Asian cities occupied higher positions than Mumbai out of which six were from China. New Delhi came second at 28 followed by Bangalore at 38, Chennai at 39, Hyderabad at 46, Kolkata at 48 and Pune at 52. Last year, the Prime Minister set up a task force to make Mumbai an international financial centre.
To read the full article, click here..
To read the ePaper, visit: http://epaper.hindustantimes.com
Labels: china, Indian cities, MasterCard Emerging Markets index, nine Asian cities, occupied higher positions
posted by PressMart Team at
10:41 AM
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