20 October 2016 Current Affairs: London has topped the 2016 Global Power City Index for the fifth consecutive year with Mumbai ranked 39th on the list of the worlds leading global cities for business, innovation and culture.
The 2016 Global Power City Index (GPCI) report, which was released by the Mori Memorial Foundations Institute for Urban Strategies, ranked London as the leading overall city, highlighting the capitals strong cultural offering, ease of doing business and global transport links.
The report ranks 42 major cities of the world across six key measures of economy, research and development, culture, accessibility, environment and livability.
Mumbai, the only Indian city to feature on the index, was ranked 39th.
London performed well across all areas, retaining its top spot for the fifth year in a row and ranking above other cities such as New York, Tokyo and Paris. 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.
Singapore completes the top 5 cities in the annual ranking.
The Japan-based Mori Memorial Foundations 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.