• Home
  • National News
  • Bengaluru is India’s top-ranked city in new global inclusive prosperity index
Bengaluru is India’s top-ranked city in new global inclusive prosperity index
National  
The Hindu

Delhi, Mumbai too are on the first-ever Prosperity & Inclusion City Seal and Awards (PICSA) Index

 

Bengaluru emerged as India’s highest ranked city at No. 83 in a new index of the world’s 113 cities in terms of economic and social inclusivity, topped by Zurich in Switzerland.
 
The first-ever Prosperity & Inclusion City Seal and Awards (PICSA) Index, released in the Basque Country capital of Bilbao in northern Spain on Thursday evening, is designed to showcase not only the quantity of economic growth of a city but also its quality and distribution across populations.
 
Delhi at 101 and Mumbai at 107 are the other Indian cities to make at the index, with the top 20 awarded a PICSA Seal as the world’s highest-ranked cities building inclusive prosperity.
 
Bilbao, the host city of the new index, is ranked at 20.
 
“As the first ever non-commercial ranking index, PICSA provides a new measure of economic productivity that goes beyond GDP to provide a holistic account of how well people are doing in the economy and which have the populations that are most empowered to contribute to its economy and share in its benefits, explained Asier Alea Castanos, Director of Strategic Programmes at the Regional Council of Biscay, in reference to the index launch.
 
“There is increasing recognition in governments and also the private sector that success needs to be judged in new ways: factors like health, housing affordability and quality of life need to be put alongside jobs, skills and incomes when measuring prosperity,” he said.
 
Commissioned by Basque institutions and compiled by D&L Partners, the PICSA Index measures factors such as the affordability of housing and access to education and healthcare, besides GDP per capita.
 
It marks the first time that the world’s major cities have been ranked not just by the size and health of their economy, but for their efforts to build inclusive and prosperous environments for all its citizens.
 
Zurich, as the number one, scores strongly across all measures, particularly on quality of life, work, housing, leisure, safety, and education — with the Swiss higher education system attaining an especially high score.
 
Vienna, the Austrian capital in second place, scores close to top marks on healthcare. Copenhagen, Luxembourg and Helsinki complete the top five.
 
The higher end of the list is dominated by European cities, with 15 of the top 20, joined by four North American cities (Ottawa in 8th place; Washington DC ranked 11th; Seattle in 14th and Boston in 16th) and Taipei, which is the only Asian city to make it into the top 20 at 6th place.
 
Dr Bruno Lanvin, Founder and CEO at D&L Partners, said: “Without equity and inclusion, economic growth is not sustainable. Without growth, equity is about redistributing poverty.”
 
By measuring performance of cities across different pillars of inclusive prosperity, as the PICSA Index does, policy makers can identify high performers in specific domains and establish roadmaps of best practices.
 
For the index, the cities were assessed on comparable data from the main focus areas by a jury of experts and business leaders. These assessments then produced an overall score for each city’s inclusive prosperity, allowing them to be ranked based on a wide range of measures.

 
 


 
 


 
More in National
For backing Pakistan, trade with Turkey under scanner

NEW DELHI: After Malaysia, Turkey is on the government’s radar for possible trade curbs for interfering in India’s internal issues.

Recently posted . 2 views

Indira Gandhi used to meet gangster Karim Lala: Sanjay Raut

PUNE: Senior Shiv Sena leader Sanjay Raut on Wednesday claimed that former Prime Minister Indira Gandhi used to come to meet yesteryear don Karim...

Recently posted . 17 views

After Tihar Inaction, How Delhi Govt's Statement in Nirbhaya Case May ...

Counsel Rahul Mehra said the Delhi government will approach the trial judge on January 21 with a request for issuance of a fresh death warrant since the execution o...

Recently posted . 14 views

Jeff Bezos pledges $1 billion, pulls out all stops in India charm offe...

• Bezos pledges the money to help take small businesses online in bid to counter criticism •

Recently posted . 9 views

PM Modi vs IMA: Either prove doctors are bribed by pharma companies or...

According to a news website, earlier this month Modi told top drug makers not to bribe doctors with women, gadgets or foreign trips.

Recently posted . 14 views

RBI issues new debit and credit card rules to improve convenience and ...

• RBI asks banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance o...

Recently posted . 10 views

 
 
 

Prashnavali

Thought of the day

ometimes your joy is the source of your smile, but sometimes your smile can be the source of your joy.
Anonymous