Global Power City Index Released

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The 2016 Global Power City Index (GPCI) report was released by the Mori Memorial Foundation’s Institute for Urban Strategies.

The report ranks 42 major cities of the world across six key measures of economy, research and development, culture, accessibility, environment and livability.

Report ranked London as the leading overall city, highlighting the capital’s strong cultural offering, ease of doing business and global transport links. London has topped the 2016 Global Power City Index for the fifth consecutive year.

Indian city Mumbai the only Indian city to feature on the index, ranked 39th on the list of the world’s leading global cities for business, innovation and culture.

The UK capital was first awarded the leading position in 2012, the year it successfully hosted the Olympic and Paralympic Games.

New York experienced no significant change in its ratings, retaining its No. 2 slot, also for the fifth year running.

Paris dropped out of the top three to fourth position, due largely to a perceived decrease in the levels of cultural interaction and research and development. The terrorist attacks of November 2015 are also likely to have influenced those ratings.

Tokyo overtook Paris and moved into third place. The increase was due to a number of factors, including a reduction in Japan’s rate of corporate taxation, an increase in the number of visitors to the city from abroad and an increase in the number of direct flight connections to overseas destinations.

Singapore completes the top 5 cities in the annual ranking.

About Index:

The Japan-based Mori Memorial Foundation’s Institute for Urban Strategies has published its GPCI report annually since 2008.

The GPCI index is based on an evaluation of 70 criteria, analysing the strengths and weaknesses of global cities amid intensifying competition.

The rankings also reflect the viewpoints of global managers, researchers, artists, visitors and residents. The GPCI is used as a basis for urban development and branding by policymakers around the world.

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