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London: India's financial hub Mumbai and political capital Delhi are likely to witness a significant jump in economic growth along with other emerging markets and make it to the league of the world's wealthiest cities by 2025, a report says.
"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 quoting a research report of consultancy firm PricewaterhouseCoopers.
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.
As per PwC, Delhi, Guangzhou, Rio de Janeiro, Istanbul and Cairo are all likely to rise rapidly up the table between now and 2025.
The current and projected top five in the global gross domestic product per capita rankings are likely to remain the same -- Tokyo, New York, Los Angeles, London and Chicago.
Citing the PwC report the Observer said, Shanghai is set to rise from its current 25th place to 9th by 2025, with Mumbai likely to storm to 11th from its current slot of 29.
Beijing would leap from 38th to 17th place and Sao Paulo in Brazil would jump to 6th from the present 10th place by 2025.
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