The Brookings Institution and the London School of Economics have released an excellent report on the economic growth and employment creation before, during and after the Great Recession in the 150 largest metropolitan cities across the world. In 2007, while these metros formed only 12% of the global population share, they contributed 46% to the global value added.
The performance of Indian metros on income growth and employment creation during the pre-recession 1993-2007 period was moderate. Bangalore enjoyed excellent performance.
Unlike the Chinese metros which escaped largely unscathed, the Indian cities were moderately affected by the Great Recession.
The Indian cities have been amongst the best performing metros during the post-recession recovery since 2009. Mumbai and Hyderabad have had the most impressive recoveries while New Delhi has lagged behind.
There are several interesting insights from the report. In general, employment growth rates have been much higher in the metros than the remaining country. Bangalore has been the standout performer among Indian cities. Delhi, Mumbai and Hyderabad too have out-performed the rest of the country, though Chennai and Kolkota have done no better than the remaining country. However, none of the Indian cities can match the emerging Chinese cities like Shenzhen and Guangzhou with their hugely impressive job creation achievements.