India- a potpourri of cultures as well as a favorable hub for businesses, has witnessed exponential growth over the years. Be it home based businesses, or the biggest multinationals from the world, the country has it all. With the Covid-19 pandemic and the subsequent lockdown after, there may have been a roadblock, but now with the situation improving, the country is well on the road to economic recovery.
The International Monetary Fund has predicted that India will grow at a rate of 8.5%, making it the fastest growing economy. And some major contributions can be seen from some of the major cities in the country. Let’s take a look at the top richest cities in India.
Mumbai
Mumbai, the financial capital and the second most populous city of India, is also the richest city in the country. With an estimated GDP of $310 billion, the city contributes over 6% of nation’s GDP. The city houses the headquarters the houses of Reserve Bank Of India, National Stock Exchange and many Indian business giants like Tata Group, Hindustan Petroleum, Larsen & Toubro etc.
New Delhi
The country’s capital and the historical, political and cultural seat of the country, New Delhi is the second richest city in the country. It is home to the political who’s who of the country including the President, Prime Minister and all other ministries. The estimated GDP of New Delhi is $293.6 billion.
Kolkata
The Capital of India during British rule, Kolkata is famous for its literary and artistic heritage. India’s oldest stock exchange is in Kolkata and is home to many corporations like ITC Limited, Britannia Industries and Coal India Limited. The city is the third richest city in the country with an estimated GDP of $150.1 billion.
Bengaluru
Next, in line is Bengaluru, the fourth richest city in India with an estimated GDP of $110 billion. The IT Hub of the country is home to top IT companies like Wipro and Infosys. One of the fastest growing metropolises in India, Bengaluru is nicknamed the Silicon Valley Of India
Chennai
The largest economical, cultural and educational hub of south India, Chennai is the fifth richest city in the country. With almost all automobile companies having their plants in Chennai, the city is often referred to as the Detroit Of India. The estimated GDP of Chennai is 478.6 billion.
Hyderabad
Known as the city of pearls, Hyderabad has also gained reputation as India’s pharmaceutical capital. It ranks as the sixth richest city in the country with an estimated GDP of $75.2 billion.
Pune
The second largest city in Maharashtra, Pune with record number of two wheelers in the country, is the seventh richest city in India. Also known as the Oxford of the East, Pune’s estimated GDP is $69 billion. The city houses many corporations like Tata Motors, Volkswagen, Mercedes-Benz and even IT companies like Infosys.
Ahmedabad
Home to the Indian Institute Of Management, which is the top business school in the country, Ahmedabad is one of the best cities to live in. Development-wise, the city is racing ahead of its counterparts, making it the eight richest city with an estimated GDP of 468 billion
Surat
Diamond city of India, Surat is famous for its diamond cutting and polishing centres. It is also a textile hub fondly called as the Silk city of India. One of the cleanest cities in the country, Surat is the ninth richest one with an estimated GDP of $59.8 billion.
Vishakhapatnam
Known for its medical, programming and pharmaceutical industries, the city is the tenth richest city in the country. Its estimated GDP is $43.5 billion.
