India’s urbanization, industrialization, and globalization have prompted numerous cities across the country to expand fast in every way. Furthermore, the technological revolution has resulted in significant growth and enormous opportunity for some of the richest cities in India in a variety of fields. India is a developing country that has established itself as a creative hub and a large market for business sharks.
India has become one of the world’s fastest-growing economies, and it currently occupies a crucial position. Many cities in India are quite wealthy in terms of GDP, and they have contributed to the country’s economic development.
Without further ado, here is a list of the top 10 richest cities in India
1. Mumbai
GDP: $310 Billion
Mumbai is one of India’s and the world’s wealthiest cities. Mumbai, India’s financial capital, is at the top of the list, with a GDP of $310 billion. Mumbai is the country’s financial capital, economic powerhouse, and industrial center. New World Worth classified the city as the 12th wealthiest global metropolis in 2018, with a total private wealth of $950 billion dollars.
A vast number of prominent Indian corporations, including Tata Group, Reliance Industries, Aditya Birla Group, Larsen & Toubro, Godrej Group, and Hindustan Petroleum, have their headquarters in Mumbai. The Reserve Bank of India, the National Stock Exchange, the Bombay Stock Exchange, and Bollywood all have their headquarters in Mumbai.
2. New Delhi
GDP: $293.6 Billion
New Delhi, a metropolis rich in historical, cultural, political, and social significance, comes in second with a GDP of $293.6 billion. The main commercial center in northern India is Delhi. Information technology, telecommunications, hotels, finance, media, and tourism are all important service businesses.
The city’s economy also relies on construction, power, health and community services, and real estate. Delhi, being the political capital, is home to all of the world’s most powerful politicians and officeholders, including the President, Prime Minister, and many ministries. Delhi is a metropolis that draws people from all around the country. The city welcomes everyone and holds economic booms in its bosom, thanks to the city’s ever-increasing rates of urbanization.
3. Kolkata
GDP: $150.1 Billion
Kolkata is the North East’s financial, commercial, and industrial center. Kolkata’s GDP is predicted to be $150.1 billion. The Calcutta Stock Exchange is located in Kolkata, the commercial and financial capital of East and North-East India. It is a major commercial and military port and, aside from Bhubaneswar, the only city in eastern India with an international airport.
The tertiary sector employs more than 83 percent of the city’s population. After Mumbai and Delhi, Kolkata is the third richest city in South Asia. Many Indian organizations have their headquarters in Kolkata, including Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank, National Insurance Company, and Union Bank Of India.
4. Bengaluru
GDP: $110 Billion
Bharat Electronics Limited, Bharat Heavy Electricals Limited, and Bharat Earth Movers are among the assembling businesses in India’s Silicon Valley and Karnataka’s capital city. The city is India’s fourth-richest city, with an estimated GDP of $110 billion.
Bengaluru is responsible for more than a third of India’s IT exports. Bharat Heavy Electricals Limited, Bharat Electronics Limited, and Bharat Earth Movers Limited are among the city’s significant manufacturing companies. Bengaluru is home to the headquarters of Infosys and Wipro. Eight billionaires live in the city.
5. Chennai
GDP: $78.6 Billion
The city is India’s sixth-richest city, with an estimated GDP of $78.6 billion. The automobile, computer, technology, hardware manufacturing, and healthcare industries all have a strong presence in Chennai. The city is the second-largest exporter of information technology (IT) and business process outsourcing (BPO) services in India as of 2012. The city is home to a large portion of India’s automobile sector, earning it the moniker “Detroit of India.”
Chennai, Tamil Nadu’s capital, is located on the Bay of Bengal. Chennai is historically and culturally rich and diversified, drawing tourism as a result of its great history and significance as the Madras Presidency during the British administration. Aside from being a pioneer in the fields of art, culture, and music.
6. Hyderabad
GDP: $75.2 Billion
Hyderabad, the City of Pearls, is the sixth-largest city in the country, with a GDP of $75.2 billion. The history, food, and multilingual culture of the city are well-known. Traditional manufacturing, the information industry, and tourism drive the economy of Hyderabad, the capital of Telangana, India. The city’s economic structure shifted from a predominantly service center to a more diversified economy in the 1990s, but the service industry continues to make a significant contribution.
Both geographically and culturally, Hyderabad is noted for its rich history, food, and multilingual culture. The city has an estimated population of over 8 million people, making it India’s fourth-largest city, while the metropolitan area’s population is projected to be above 9 million. The city is religiously and culturally diverse, with Hindus, Muslims, and Christians coexisting.
7. Pune
GDP: $69 Billion
IT companies, automotive and vehicle businesses, BPO trade, and car assembly are all well-known in this city. Tata Motors, Renault, Volkswagen, and Mercedes Benz are among the corporations based in Pune. Pune is India’s seventh-richest city, with an estimated GDP of $69 billion. Pune has long been regarded as a center for higher education, and it has been dubbed India’s educational capital. Nearly 500,000 students from India and overseas study in Pune at nine universities and over a hundred educational institutes, according to reports from 2016.
Pune is the eighth-largest city in India and the second largest in Maharashtra. It is located in the western Indian state of Maharashtra. Pune was dubbed “The Oxford of the East” by India’s first Prime Minister because it attracts students from all over the world.
8. Ahmedabad
GDP: $68 Billion
Ahmedabad, the Manchester of the East, is one of India’s wealthiest cities. With a GDP of $68 billion, the city is ranked ninth on the list. As of June 2012, the RBI classified Ahmedabad as the seventh-largest deposit and credit center in the country. The textile and garment industries received significant capital investment in the nineteenth century. The Ahmedabad Stock Exchange, which is located in the city’s Ambavadi neighborhood, is India’s second-oldest stock exchange.
Ahmedabad is one of the fastest-growing cities in India, as well as one of the most desirable places to reside. Ahmedabad is the largest city in Gujarat and India’s commercial and industrial hub. The city is home to a number of notable businesses, and it is well-known for its textile sector. Every year, a big number of people visit this city since it has several outstanding monuments as well as countless modern buildings.
9. Surat
GDP: $59.8 Billion
Surat, often known as The Sun City, is one of the world’s greatest stone cutting and cleaning centers, with a special focus on diamonds. The city is India’s ninth richest city, with an estimated GDP of $59.8 billion. Surat is a key center for diamond polishing and cutting. Surat is recognized as the textile hub of the country or the Silk City of India because it is famed for producing textiles, notably silk. Cotton mills and Surat Zari Craft are two of the city’s most well-known attractions. Surat is India’s largest MMF (man-made fiber) center.
Surat is one of India’s cleanest cities and has the fastest-growing urban community. Surat is home to the world’s largest stone cutting and cleaning facilities, and it is particularly well-known for its diamonds. Surat’s textile sector is vast, with about 380 dyeing and printing facilities and 41,000 power loom.
Conclusion
These were the top 10 richest cities in India in terms of their GDP. These cities have had a significant impact on India’s history, geography, politics, and economy. Which of these cities according to you have the fastest pace for economic development in the future? Let us know in the comment section.
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Source: BuzzPedia
