Monday, September 04, 2006

It is Bangalore for good living & high earning

It is Bangalore for good living & high earning
Ranks First In Top 10 Survey
The Times of India

New Delhi: When it comes to choosing the city you would like to work and live in, it seems you cannot have it all. If a city is great for earning and investing in, it is not necessarily the best for living, as in the case of Surat.

On the other hand, there is Kolkata that ranks quite high as a city to live in but is the worst when it comes to making money or investing it.

Your best bet for choosing a city that ranks fairly high on all three counts — living, working and investing — is Bangalore. India’s IT capital ranks first as a city to reside in and second best to earn good money. As an investment destination, however, it ranks sixth.

Analysis of the top ten cities of the country for earning, investing and residing are revealed in a study, The City Skyline of India 2006, published by Indicus Analytics. The study is based on official statistics and online surveys conducted by Indicus in these cities.

It yields interesting information on how often a citizen would have to haggle with a taxi or autowallah, what percentage of people own invertors or generators, the city’s water and power supply, public transportation etc.

Surat with its low unemployment rates, high job growth rates and one of the highest per capita small business credit is ranked as a top destination for seeking employment and doing business. However, it is at the bottom in the list of Alpha cities (the top 10) in terms of good living.

Coimbatore strikes a decent balance: it’s the best city to invest in but ranks fifth on the earning and good living front.

With one of the lowest unemployment rates in this group of cities and per capita income comparable to the highest in the group, Pune too is a city that does well on all three counts of earn-in, investin and reside-in indices.

The metros, interestingly, are not the best performers. Chennai is high up as a place to invest in and to live in.
The citizens are very satisfied with the educational infrastructure, low crime level and efficient management of the city infrastructure.

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