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Top 10 Richest Cities in India & Why

India is the world’s third-richest country, with a GDP of $3.1 trillion, thanks to urbanization and industry.

Our economy has grown rapidly in recent decades and is on track to become a worldwide superpower in the future years. Various parts of India have risen to prominence over the years as a result of their social and economic development.

India is ranked 5th in the world’s top economies, with several sectors flourishing in the country’s wealthiest cities. 

1. Mumbai

Maharashtra’s capital is predicted to have a $310 billion GDP. The nation’s monetary and business capital contributes more than 6% of GDP, 10% of industrial facility work, 60% of traditional obligation build-up, and 30% of pay charge accumulation. Mumbai is ranked 6th among the top ten cities by the most tycoons. The city is home to 28 extremely wealthy individuals. Many 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, and the Bombay Stock Exchange all have their headquarters in the city.

2. Delhi

Delhi is India’s most populous city and, after Mumbai, the second-most densely populated. The estimated GDP of the Indian capital is $293.6 billion. Delhi’s economy is dominated by the administration sector, which accounts for more than 75% of the total. North India’s largest urban areas have one of the lowest rates of unemployment in the country. Retail, data innovation, media transmission, lodgings, media, money management, influence, development, as well as land are all important economic segments of the city. Eighteen billionaires reside in Delhi.

3. Kolkata

West Bengal’s capital is predicted to have a GDP of $150.1 billion. Kolkata was the capital of British India and is home to the country’s oldest stock exchange. Over 83 per cent of the city’s population is employed in the tertiary sector. After Mumbai and Delhi, Kolkata is indeed the third richest city in South Asia. Several Indian companies, including Coal India Limited, ITC Limited, Britannia Industries, Allahabad Bank, National Insurance Company, & the United Bank of India, are headquartered in Kolkata. Kolkata offers a home to four extremely wealthy individuals.

4. Bengaluru

Bangalore, also known as Bengaluru, is noted for its attractive atmosphere and is known as India’s Silicon Valley due to the presence of information technology firms. Karnataka’s capital is predicted to have a GDP of $110 billion in the coming years. Bengaluru is known as the “Silicon Valley of India” since it is home to several of the world’s most prestigious IT companies. Bengaluru is responsible for more than a third of all IT exports from India. Bharat Heavy Electricals Limited, Bharat Electronics Limited, & Bharat Earth Movers Limited are only a few of the important assembling companies in the city. Bengaluru is home to the offices of Infosys and Wipro. Eight very wealthy people live in the city.

5. Chennai

Chennai, which makes a significant contribution to India’s IT sector, has become one of India’s wealthiest cities, with an estimated GDP of $78.6 billion. Chennai’s economy is primarily based on the automobile industry. Another important industry in this South Indian city, which is known for its white-sand beaches, magnificent temples, turquoise lakes, and colonial-style buildings.

Marina Beach, Arignar Anna Zoological Park, Kapaleeswarar Temple, National Art Gallery, as well as Pulicat Lake are among popular tourist destinations in Chennai.

6. Hyderabad

Hyderabad is known as the “Pearl City” because of its abundance of precious stones. Hyderabad has become one of India’s wealthiest cities, with a GDP of $75.2 billion and a large service sector that employs white-collar workers. Hyderabad, sometimes known as the ‘City of Pearls,’ seems to be a pearl trading hotspot. A journey to Hyderabad would’ve been incomplete without seeing the pearls, visiting the Charminar, plus eating the mouth-watering Hyderabadi Biryani.

7. Pune

Pune is Maharashtra’s second-largest city and is considered the state’s social capital. The place is considered for its automobile companies and IT firms, and it is also one of the fastest-growing urban areas in the Asia Pacific region. Maharashtra’s second-largest city is predicted to have a GDP of $69 billion. Pune is known for its automobile businesses and educational foundations. Car assembly, IT, and BPO trading are all major contributors to the city’s economy. Volkswagen, Tata Motors, Mercedes-Benz, Renault, and other automobile manufacturers have a presence in the city. Five billionaires live in Pune.

8. Ahmedabad

Ahmedabad is India’s most important financial and industrial centre, as well as the state’s largest metropolis and former capital. Gujarat’s largest metropolis is predicted to have a GDP of $68 billion. For its material industry, which is a significant contributor to the economy, the western metropolis of India is known as the ‘Manchester of the East.’ Numerous large Indian firms call the city home, like Zydus Cadila and Torrent Pharmaceuticals, Nirma Group, as well as Adani Group, to name a few. Ahmedabad has emerged as India’s most important monetary as well as modern centre.

9. Surat

Surat, often known as the Sun City, is a city located in the Indian state of Gujarat. Surat, with something like a GDP of $59.8 billion, is yet another Gujrati city that ranks among India’s wealthiest cities, thanks to its thriving diamond and textile industries. Surat draws a significant number of merchants from all over the world since it is the world’s diamond cutting and polishing centre. Aside from merchants, the city attracts a large number of tourists every year, who come to see the city’s beautiful beaches, monuments, and religious sites.

10. Visakhapatnam

Visakhapatnam often referred to as Vizag, is a seaport city on the coast of the Bay of Bengal that is also recognized as the Financial Capital of Andhra Pradesh. The city has been transformed into a significant financial target and is now considered one of India’s most opulent cities. The estimated GDP of Visakhapatnam is $43.5 billion. GAIL, Hindustan Shipyard, and Visakhapatnam Steel Plant are just a few of the major companies headquartered in Andhra Pradesh’s coastal city. Programming, materials, prescriptions, and also the pharmaceuticals sector are all within proximity to the city.

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