In 2011, according to a study by Associated Chambers of Commerce and Industry of India, Bhubaneswar had the highest rate of employment growth among 17 Tier-2 cities in India. It has been listed among the top ten emerging cities in India by Cushman and Wakefield, taking into consideration factors like demographics, physical, social and real estate infrastructure, current level and scope of economic activities and government support. In 2012, Bhubaneswar was ranked third among Indian cities, in starting and operating a business by the World Bank.