The year 2020 has been very challenging when it comes to conomical growth. With almost all the industries on a halt, it took a lot of planning a extensive strategies to revive the country’s economic cycle. The year 2021 has been promising so far and India is coming out of last year’s impact gradually.
Cities individually have been contributing a lot in making this happen. As per the recent report, these are the top 10 richest cities in the country as per their GDP contributions.
1. Mumbai
GDP (PPP) – 310.0 billion
The city houses around 14 million people from various backgrounds. This metropolitan city has beautiful colonial architecture, double-decker buses, and a suburban rail system that carries about 2.2 billion passengers every year. The city is home to a majority of the leading companies in India.
2. Delhi
GDP (PPP) – 293.6 billion
The capital of the country has the second-highest GDP. Delhi has generated numerous employment opportunities for people from across the states. Delhi is known for its fastest-growing retail industries and the city’s economy consists of integral sectors like construction, power, telecommunications, health and community services, and real estate.
3. Kolkata
GDP (PPP) – 150.1 billion
Kolkata contributes the third-highest GDP in the country. Steel, mining, cement, pharmaceuticals, food processing, agriculture, textiles, and jute are the major sectors responsible for economic growth in the city. The city is one of the important financial hubs of East and North-East India and houses the Calcutta Stock Exchange.
4. Chennai
GDP (PPP) – 110.0 billion
Chennai is considered as one of the leading exporters of information technology and business process outsourcing services. The automobile sector is based in the city is the backbone of the economy. The automobile, computer, technology, hardware manufacturing, and healthcare sectors include Chennai’s major business activities.
5. Bengaluru
GDP (PPP) – 86.0 billion
The Silicon Valley of India, Bengaluru, has to be on the list as the city is home to many information technology companies in the country. Bengaluru contributes more than 35 percent of India’s IT exports.
6. Hyderabad
GDP (PPP) – 75.2 billion
Information technology, pharmaceuticals, and biotechnology industries are the main sectors that contribute to Hyderabad’s economic growth.
7. Pune
GDP (PPP) – 69.0 billion
Apart from its educational facilities, the city has developed its manufacturing, glass, sugar, and forging industries. Other prominent industries in the city are the automotive and information technology sectors.
8. Ahmedabad
GDP (PPP) – 68.0 billion
Ahmedabad houses many developing textile and garment industries. The city houses two of the largest pharmaceutical companies of India, Zydus Cadila, and Torrent Pharmaceuticals, and headquarters other important companies like Nirma and Adani Group.
9. Surat
GDP (PPP) – 59.8 billion
Apart from the textile industry, Surat has the largest stone cutting and cleaning centers and is especially known for diamonds.
10. Visakhapatnam
GDP (PPP) – 43.5 billion
Vishakhapatnam is home to various state owned heavy industries and a steel plants. Apart from having numerous international information technologies and banking firms, the city is a hub for iron ore and other minerals which are exported to China and other countries.
