New Delhi: The Annual Citi/Knight Frank Wealth in its latest report has given two spots to the Indian cities, New Delhi and Mumbai, which ranked 37 and 38 in the list of top global cities index. New York has topped the overall cities index ranking, followed by London and Paris.

The other cities in the top 10 slots include Paris in the third position, followed by Tokyo and Brussels in fourth and fifth ranks, respectively, while Los Angeles was slotted at sixth rank, Singapore (7th), Beijing (8th), Toronto (9th) and Berlin (10th).

Notwithstanding the fact that this year's ranking looks slightly too European and North American in flavour, but in the next 10 years time the list is all set for a big reshuffle, barring the top two slots which are likely to be retained by New York and London, respectively.

The main cities to be watched in the coming decade will be Mumbai, Moscow and Sao Paulo.

The 2011 Wealth Report assessed key markets across the world in terms of their provision of investment opportunities and their influence on global business leaders and the political elite.

As many as 14 cities have declined from the list, while 16 have moved upwards. Notably, in the Economic Activity category, the West-to-East shift was very eminent, as eight of the 13 jumps in this space were by Asian cities led by Shanghai and Kuala Lumpur.

"The overall winners this year are a diverse grouping, with Boston, Munich, Milan, Mumbai and Rio de Janeiro among the biggest climbers in our rankings," the report said.

Meanwhile, according to the Attitudes Survey of the Wealth Report 2011, Mumbai was ranked 13 in the list of top 40 cities for ultra high net worth individuals ahead of cities like Los Angeles, Chicago, Moscow and San Fransisco.

The Wealth Report Attitudes Survey 2011, covered 160 Citi Private Bank wealth advisers representing almost 5,000 UHNWIs from 36 countries were asked to nominate leading  cities, in terms of their importance to HNWIs –- both now and in 2020.

Agencies