1 / 10

#10. Guangzhou

5 Indian cities among World’s 20 Most Dynamic Cities

The Momentum Index rankings identify the urban economies and real estate markets which are currently undergoing the most rapid growth. Cities that are growing quickly tend to punch above their weight in attracting companies and people; however, this can often lead to challenges - such as social inequality, congestion and environmental degradation - that must be addressed to ensure short-term growth transitions into longer-term momentum.

JLL’s City Momentum Index (CMI), now in its sixth iteration, focuses purely on short-term momentum over a three-year horizon, tracking a range of socio-economic and commercial real estate indicators to identify attributes for success over the near term. It covers 131 major established and emerging business hubs across the globe.

The latest results highlight the East-West growth divide. Asia Pacific is home to 19 of the Top 20 cities in this year’s Index, reflecting the region’s continued rapid urbanisation and economic growth. Overall, Indian and Chinese cities dominate the rankings, accounting for three-quarters of the Top 20.

There are no cities in either Europe or the Americas in the Top 20. Only one city outside of Asia Pacific, Nairobi, ranks in the 20 most dynamic cities in the globe; and even in Nairobi there is a powerful Asian influence with significant amounts of investment from China focused mainly on infrastructure projects.

A common theme this year is that many of the top- performing cities have strong links to the technology and innovation sector.

Methodology

JLL’s City Momentum Index measures momentum for 131 of the world’s most commercially active cities by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and real estate markets undergoing the most rapid expansion.

The City Momentum Index presents a weighted overall score for the sub-scores of 20 variables. For each variable the model calculates a score based on the city’s performance relative to the distribution of all 131 city regions, scaled from zero to one. The top-scoring city for each variable has a value of one, while the lowest-scoring city receives a value of zero.

Source:

https://www.jll.co.in/en/newsroom/jll-city-momentum-index-2019-bengaluru-worlds-most-dynamic-city