27.3.13

Of Global Financial Centres....


India's financial capital Mumbai slipped to 66th rank in the list of world’s leading financial centres, but New Delhi failed to make a mark, according to the latest Global Financial Centres Index (GFCI).
GFCI, which provides profiles, ratings and rankings for 79 financial centres worldwide, ranked Mumbai at the 66th place, down three places from last year when it was ranked 63rd on the coveted list.
Mumbai is the only Indian city on the list, which was topped by London.New York was ranked second in the list followed by Hong Kong and Singapore in the third and fourth place, respectively.
Others in the top 10 are Zurich (fifth), Tokyo (sixth), Geneva (seventh), Boston (eighth), Seoul (nineth) and Frankfurt (10th).
Although New Delhi, the country’s political hub, was added to the GFCI questionnaire recently and its progress was being monitored it failed to make it to the list.
Almaty, Baku, Busan, Guangzhou, Liechtenstein, New Delhi, Riga, Santiago, Tel Aviv and Tianjin have been added to the GFCI questionnaire recently and we track their progress with interest GFCI said, adding that they have yet to acquire sufficient assessments to be included in the index.

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