Delhi, Mumbai and Bengaluru were named among the top 10 cities globally whose economic growth was at risk from terrorism and civil conflicts, according to a study conducted by Lloyd's-a world insurance specialist in collaboration with Cambridge University.
In its study called the Lloyd's City Risk Index, it shows the vulnerability of 279 cities to 22 man-made and natural threats that are putting $546.5 billion at risk annually. It is a study of the economic growth of the world as a whole. Cities that contribute to 55 percent of the global population. The degree of risk was therefore identified on the basis of their contribution to the world.
Delhi, Mumbai, and Bengaluru were at the second, third and fifth position in terms of terrorism risk in the Asia Pacific and also made it to the top 10 globally along with Karachi. It said that India has recorded 929 incidents that killed 340 people in 2017. While in terms of civil conflicts, Delhi ranked second, followed by Karachi and Mumbai in Asia Pacific.
"Delhi, with $3.52bn of GDP@Risk, is the top-ranked city in central and south Asia. Its top five risks include civil conflict ($1.14bn), interstate conflict ($0.60bn) and terrorism ($0.37bn), which reflects the prevalence of geopolitical and security risks in this region, as well as Delhi's growing economic wealth," the report said.
It further said that India and Pakistan would also face an obstruction from power outages as a risk in its 'technology and space' section. The report also said Kolkata had tropical storm as its key threat.
As a whole, the City Risk Index included Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kanpur, Kolkata, Mumbai, Pune, and Surat, as the Indian cities at GDP risk.
The top 10 cities in the world with highest exposure to risk would together lose $125.6 billion annually, a quarter of the world GDP. Tokyo was named as the city that stands the most to lose in the world due to the size of its population and size of its GDP (three times the size of Shanghai). Its three risks include interstate conflict, tsunami, and volcano.
New York was listed at the second spot at $14.83 billion, followed by Manila ($13.27 billion) and Taipei ($12.88 billion).