New Delhiâs Connaught Place fell from fourth position to eighth despite prime rents being unchanged in 2013. This was primarily the result of an appreciation in both the US Dollar and Euro against the Indian Rupee in 2013, causing a shift in New Delhiâs position in terms of global occupancy costs.
Resilience. Resilience is the capacity of a social-ecological system to absorb or withstand perturbations and other stressors such that the system remains within the same regime, essentially maintaining its structure and functions.
What is resilience? Used differently by a range of fields from psychology to engineering, resilience has no single widely accepted definition. The concept typically connotes an ability to âbounce backâ from a stress or disturbance, potentially returning to a pre-stress norm or a transformed post-stress condition.