Delhi, not Mumbai, India’s economic capital
MUMBAI: Mumbai ranks 31st among 50 top metropolitan economic entities globally in 2015, as per latest data released by Oxford Economics. The unflattering news for Mumbaikars is that the city has ceded its position as economic capital of India to Delhi.
Oxford Economics is one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 100 industrial sectors and over 3,000 cities.
As per the latest analysis, the Mumbai extended urban agglomeration (EUA), consisting of Mumbai, Navi Mumbai, Thane, Vasai-Virar, Bhiwandi and Panvel, had a 2015 GDP of US $368 billion when seen in terms of purchasing power parity (PPP), using a 2012 PPP conversion rate of Rs 15.5 per dollar. Against this, the Delhi EUA, consisting of Delhi NCR, Gurgaon, Faridabad, Noida and Ghaziabad, had a GDP at PPP of $370 billion, taking it to 30th position in the global ranking. The definition of Mumbai makes it roughly correspond to the Mumbai metropolitan region (MMR), while Delhi EUA is smaller than the National Capital Region (NCR).
The Oxford Economics forecast for 2030 shows that Delhi and Mumbai will move further up the list. While Delhi is predicted to be at the 11th spot, Mumbai will be 14th.
Mumbai EUA, with a lower population, scores over Delhi EUA in per capita terms. A TOI analysis of Oxford Economics figures puts Mumbai’s per capita GDP at PPP at $16,881, while the same for Delhi is $15,745.
hahahaa that is a laugh.. why are you adding the U.P and Haryana state areas. ? Delhin has no comparison to mumbai, not for the next 1000 years…
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If UP and areas of Haryana could be included in Delhi then why not areas of Gujarat included in economic calculations of Mumbai.. If that is done Delhi could not come anywhere closer to Mumbai! Such reports are product of the idle mind who always comes with fictitious calculations and theories!
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Both Delhi & Mumbai represent India”s growth. Indeed if Delhi comes ahead of Mumbai, it means a great sign for India as a whole that development is not only just centered in Mumbai and its going beyond. Tomorrow, Bangalore, then Hyderabad and so on, let them take the lead too. I really feel it”s like crying like a child that “our Mumbai is better than Delhi “, “no way”, “amchi Mumbai” etc etc.. how does it really matter to you if Delhi moves ahead, isn”t it a …
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yes, delhi can take lead only on negative aspects such as rape, murder, extortion, ..
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Certainly the India’s, Economic capital still is Mumbai. The GDP per capita income is much higher than Delhi. The Neo Infrastructure facilities of connectivity Roads, electricity ad other business development corridors availability is higher than Delhi. Merchandise ZImports and Exports also a cost effective route that way in Mumbai. Through the Intl.Economic Forum rates much high on the cost of living, this issue to the nerve centre for business in the Asian Region. The comparative slate for Delhi … Read More
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B S Jha
I serious doubt about it that Delhi can replace Mumbai…??
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Fall of mumbai starts from 1999 because cong and ncp negative and bad policies is the reason
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Delhi has already assumed recognition as the rape capital of the world. Second distinction is the most polluted capital city. I think these are enough for this crime ridden place
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Now that NaMo seeks to connect Mumbai with BC Ahmadabad and other GUJARAT cities by bullet train, Mumbai might regain the lost position.
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