Study reveals Coimbatore is the best city to invest in ...

When it comes to choosing the city you would like to live and work in, it seems you can't have it all. For if Surat promises great money and investment, it's not the best for living in.

Then there's Kolkata that ranks quite high as a city to live in but loses out on making money or investments.

Detailed analysis of the top 10 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. The survey yields interesting information on what you can expect from various cities.

Surat, having among the highest per capita small business credit, is ranked as a top destination for those 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.

It has the lowest share of households in the top socio-economic category among the Alpha cities. One-third of its households fall in SEC C.

Bangalore ranks first as a city to reside in and second-best to earn money while it makes for a mediocre destination for investment, ranking sixth.

Coimbatore is the best city to invest in but ranks fifth on the earning and good living front. Pune does well on all three counts of earning, investing and residing indices.

It also has one of the lowest unemployment rates in this group of cities and per capita income comparable to the highest in the group. The metros, interestingly, are not the best performers.

Chennai comes tops as a place to invest in and live in. Citizens are satisfied with the educational infrastructure, low crime rate and city infrastructure, but the high unemployment rate, at 27% is a deterrent.

Mumbai figures below average for earning money and just average for investing in. However, flooding notwithstanding, it ranks second-best as a city to live in.

Delhi stands out as the city with the worst power scenario, with only Pune suffering more power cuts. And the 2000s are pointing towards Surat and Coimbatore.

Both have strong economies, good governance, are located between other major centres and are well-connected.

But by their example they've shown how the government and citizens can together turn adversity into an advantage and bring about revolutionary changes in short spans of time.

Courtesy : Times Of India