Riding on its high quality of life, infrastructure and overall labour force contributing to its economic growth, Delhi has emerged on top among 48 Indian cities, including Mumbai, as the best place to reside, says a report by Ernst & Young.
The report, which took into consideration 57 parameters, said between Delhi and Greater Mumbai, the national capital takes the lead on city prosperity index due to its lower population and hence higher per capita income. Delhi also indicates greater propensity to save earnings and lower credit growth.
The consultancy firm’s findings were unveiled by Urban Development Minister S Jaipal Reddy at a function in Mumbai on Thursday.
On the business environment index as well, Delhi was the leader as it has a large workforce and more number of management graduates, people employed in trade and services and other business activity.
However, on the urban governance index, Greater Mumbai top-scored, leaving Delhi at the second spot.
“Delhi has arguably the best infrastructure in India. It has out-performed almost all cities on all the indicators that comprised the infrastructure index,” the report said.
The report places Delhi and Greater Mumbai in the same bracket when it comes to quality of life index.