The economy of India is growing rapidly and there are several populated cities in India which are rich in economy. The top six richest cities in India are listed below; they are renowned for their affluence, excellent business climate, and high standard of living. We follow the reverse order here and read till the end to see the #1 richest city of India!
Kolkata
GDP: $63 billion
No. of Billionaires: 12
Kolkata, being the capital of West Bengal, is one of the most significant cities in India for its historical as well as economic importance. The city comes is 6th amongst the richest cities in India. Kolkata is a city, which has colonial buildings and a vivid history. It is today a dynamically developing economy, the key branches being commercial, manufacturing, and financial activities.
The city has a large and fast-developing commercial exchange and an active business-academic-cultural environment. Kolkata has all the right attributes that have boosted the city’s economy including a vibrant and historic business core.
Chennai
GDP: $66 billion
No. of Billionaires: 16
When discussing the southern region of India, Chenai, the capital of Tamil Nadu, serves as the primary center for the state’s cultural and economic advancement. Various industries that make up the city’s wealth include textiles, IT services and the automobile industry among others. Rich in real estate, the vibrant culture and high quality of life are also attributed to Chennai’s fame across the world.
Hyderabad
GDP: $74 billion
No. of Billionaires: 18
Hyderabad ranks amongst one of the richest cities of India and is well known for IT and business solutions. The growth of the city’s economy is hinged on technological development specifically information technology firms and biotechnology firms. Hyderabad is famous for having vast industrial growth. The city has made tremendous contributions to the economic growth of India and experience historical heritage.
Bengaluru
GDP: $110 billion
No. of Billionaires: 27
Bengaluru (Bangalore) popularly known as the Silicon Valley of India, has IT and technology industry. Most of the wealth generated from the city’s economy is driven by the technology industry, as most multinationals software and technology companies and startups are situated in the city. Education and research are also another part of Bengaluru’s economy. It has a very high standard of living, latest developing infrastructure facilities like major IT companies, it can be easily termed as one of the richest cities of India.
Delhi
GDP: $293 billion
No. of Billionaires: 68
Some of the richest cities in India include Delhi, which is the capital. Delhi is the capital city and political as well as business center of India. The number of the rich and business entities here is quite high. Most of the riches come from its diversified corporate sector, real estate, and government activities of this city. Preponderance of cosmopolitan nature of lifestyle and rich heritage plays an important factor in making Delhi an important economy hub.
Mumbai
GDP: $310 billion
No. of Billionaires: 92
Mumbai, the financial capital of India, takes the first position on the list of richest cities in the country. With the existence of a stock exchange markets, banking institutions and many top-notch corporate houses, it is the focal point of the country`s economic activities. The higher prices for properties, luxurious way of life, and numerous wealthy people including billionaires and HNWI are examples of Mumbai’s richness. Some of the sectors represented by the dynamic economy of the city include finance, entertainment, real estate and technology.
These cities are the representations of the economic transformation of India with each city contributing in a specific manner towards the growth of the overall economy. Mumbai, Delhi, Bengaluru Hyderabad, Chennai, Kolkata are the representative of India’s financial, business and cultural strength, dominating the financial and economic panorama of the country.
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