NEW DELHI — India’s capital has emerged the most competitive city in the country for the third straight time with the commercial hub of Mumbai retaining the second spot, according to a report by an international think-tank released yesterday.
Chennai, Hyderabad and Kolkata, in that order, make up the top five in rankings of the India City Competitiveness Report-2012, compiled by the Institute for Competitiveness (IFC) that conducts studies in this area for use by businesses and governments.
Regarding New Delhi, the report says the city has managed to demonstrate a phenomenal growth over a period of time by balancing demand and development in equal measure.
The two areas it is found lagging in are administrative and institutional support.
