Nov. 9 – India’s financial hub Mumbai, political capital Delhi, and China’s Shanghai are expected to witness a jump in economic growth to make it on the league of the world’s wealthiest cities by 2025 says an Observer report based on figures from PricewaterhouseCoopers.
“New York, London and Paris may trip off the tongue as the world’s top cities in terms of wealth but over the next 15 years emerging cities like Sao Paulo, Shanghai and Mumbai will give them a run for their money,” the Observer said. “The league table of the world’s great cities is going to change radically between now and 2025, thanks to the economic growth of many cities in the emerging world, which is likely to be much stronger than that in many developed economies.”
The PwC report shows that Delhi, Guangzhou, Rio de Janeiro, Istanbul and Cairo will rapidly rise up the world’s richest cities list until 2025. Currently, the world’s richest cities based on gross domestic product per capita rankings: Tokyo, New York, Los Angeles, London and Chicago.
According to PwC ‘s firgures, Shanghai will climb from its current 25th place to 9th by 2025 and Mumbai will rise to 11th from its current slot of 29. Beijing would then move up from 38th to 17th place and Sao Paulo in Brazil will jump to 6th from 10th place by 2025.
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