Mumbai, Delhi, Bangalore are some of the names from World’s Emerging Cities. Inculcated with innovation, striving for commercial settlements, pushing start-ups, multinational companies to heights of achieving goals and many factors were gauged during the research conducted by JLL’s Cities Research Centre.
To help understand the global system of cities, JLL’s Cities Research Centre has identified 10 city “types”. Cities within the same category possess a shared DNA with other cities in the group, having similar characteristics, opportunities and challenges.
The “Big Seven” global cities – including New York, Tokyo and London – are the core of this system, and possess strong all-round offers in the modern economy. These are the cities traditionally associated with innovation, home to multinational corporations, a wealth of talent and clusters of world-class universities. However, mid-sized cities and cities in emerging markets are also establishing themselves as sites of innovation, carving out niches for themselves in the modern economy.
In this following diagram, Mumbai and Delhi has been placed in Megahubs which denotes they are on the footsteps to become the world’s emerging cities. Also Bangalore stood out as Enterprisers. Bangalore established itself as a popular destination for IT-related outsourcing, with successful home-grown companies such as Wipro and Infosys emerging from this context. Now, multinational companies are flocking to Bangalore to take advantage of the city’s research and development capabilities, including Google’s first R&D centre outside the US. New start-ups, such as e-commerce platform Flipkart and InMobi, India’s first unicorn, have emerged from the city’s entrepreneurial talent pool.