Mumbai 17th in global GDP list, says survey

Mumbai ranked 17th and Delhi 22nd, among the world’s top 30 cities

| Mumbai | Published: June 3, 2017 2:12 am
Mumbai news, Mumbai GDP, Mumbai rank in top cities around the world, Mumbai news, National news, India news, Mumbai city, Marine Drive area. (file)

Mumbai features in the top 20 cities of the world on the basis of gross domestic product (GDP), said a survey by real estate consultancy Jones Lang LaSalle (JLL). Mumbai ranked 17th and Delhi 22nd, among the world’s top 30 cities. Both cities have a GDP of more than $400 billion, the study said. It also makes the fifth and sixth largest cities in Asia following Tokyo, Shanghai, Seoul and Jakarta.

The sizes of Mumbai and Delhi are such that they are larger than some megalopolises like Singapore, Hong Kong, Washington and San Francisco, the survey said. However, because they have very large population, the per capita GDP is lower. Singapore’s per capita GDP, for instance, is about three to four times larger, it said.

Mumbai and Delhi also rank ahead when it comes to corporate presence. It is measured by the number of headquarters of companies in the Forbes 2000 list in these cities. Twenty four large firms in the list have their corporate headquarters in Mumbai, and 14 have offices in Delhi.

Despite the high rankings, Indian cities are still not large recipients of direct real estate investment – given the difficulties in accessing stock and market transparency, the study said.

“Mumbai sees similar investment volumes to cities such as Guangzhou and Mexico City – but just 5 per cent of those seen in Shanghai ($37 billion) and 10 per cent of those seen in Beijing ($18 billion). Over the past three years, Mumbai has attracted $1.7 bn of real estate investment, while Delhi has seen $0.6 bn,” said the JLL survey.

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  1. A
    Azhar Khan
    Jun 3, 2017 at 2:32 pm
    Hi, the photograph which you used in article is not Marin Drive, it's Bandra promenade near toll plaza(Bandra Worli Sea Link). Please provide correct information.
    1. R
      Jun 3, 2017 at 3:42 am
      ONLY per capita, and current US$ statistics matter! PPP and total GDP figures are useless and only useful for politicians to fool their poor ignorant populace into thinking they are 'rich'. All Indian cities rank way lower than even comparable high-population cities in Asia like Tokyo, ul, Singapore, Shanghai. Keep your head on the ground. There is a lot of work to do for the next 20 years!! Kinda makes sense that this deceptive article has been published on IE, aka the puppets of the 60 year dynasty rule.
      1. U
        Jun 3, 2017 at 9:19 am
        Indian government should start thinking of reducing the population otherwise India will will be ruined in future years.