India is a financially and culturally diverse country, but we as a nation still stay united. Amidst several ups and downs at various fronts, the spirit of the nation refuses to die down. Let us take a look at some of the richest cities in India.
Renowned as the industrial center of India, Vishakhapatnam or Vizag is the largest city in Andhra Pradesh. It is a port city with a Gross Domestic Product (GDP) of $ 26 billion (Rs 165,886,50,00,000). The city is known for its IT industry, banking sector and steel plants (including Hindustan Steel, Vizag Steel, and GAIL). It also has India’s oldest shipyard apart from some of the largest seaports in the country. Major source of earning for the residents is fishing.
Known as the economic capital of Gujarat, Surat’s GDP is estimated at US$ 40 billion (Rs 255,210,00,00,000), which is expected to rise to US$ 57 billion by 2020, according to City Mayor’s Foundation. Popular for diamond cutting and polishing industry, 90 percent of the total rough diamonds in the world are cut and polished in the city. The percentage is 99.9% for the country. It also houses steel and petrochemical industry.
Moreover, the diamond hub is also a textile giant, which is 41,000 power looms and 380 dyeing and printing mills. Surat is the contributor of 40 percent of artificial fabric in India.
With a GDP of US$ 48 billion (Rs 306,252,00,00,000), Pune is the second largest metropolis in Maharashtra. In the past decade, many automobile and IT offices have set their base in the city. And for the past 60 years, 250 German companies have set their bases in the city. It has also given a great contribution in education, glass and sugar sector. Besides, the World Bank is investing in Pune food cluster to establish food and vegetable processing units.
Ahmedabad is another valuable city of Gujarat, which is home to industries and big corporates. With a GDP of US$ 64 billion (Rs 408,336,00,00,000), the city is a fast-paced emerging financial hub of the western region. Major international companies like Torrent Pharmaceuticals, Cadila, Arvind Mills and Adani group have their strong foothold in the city. Also, the vibrant city has several tourist attractions, which contributes in its GDP.
The capital of Tamil Nadu is also a primary port city of South India. Popularly known as the largest commercial, industrial, cultural and educational sector of the country, Chennai has a GDP of US$ 66 billion (Rs 421,096,50,00). Being the second largest exporter of It related services, the city is also famous for exporting electronics, that accounts for approximately 50% of the total exports.
Automobile, software services, healthcare services, medical tourism, and financial services are some of the dominant sectors of Chennai. Automobile giants like BMW, Nissan, Ford, etc have their headquarters in the city, which is why the city is also known as the “Detroit of India”.
Also called as the “City of Pearls”, Hyderabad is world’s 3rd best city for tourism. With the GDP of US$ 74 billion (472,138,50,00,000), its suburbs have the largest number of Special Economic Zones (SEZs) in the country. It is a prominent IT city, that houses offices of Google, Amazon, IBM, and other international companies. Moreover, the city is also a home to many financial institutions, manufacturing industries and research centres.
With a GDP of US$ $83 billion (Rs 529,560,75,00,000), Bangalore or Bengaluru is popularly known as the “Silicon Valley of India” for being dominant in IT sector. The capital city of Karnataka is ranked among the top 10 locations in the world, that is mostly preferred by entrepreneurs. The Around 35 percent of the It professionals are based in the city. Moreover, the city forms base for about 65 percent of the aviation business and houses 35 billion rupees worth of silk industry.
The city has Engineering and R&D centres for companies, including GE aviation, Airbus, Boeing, etc. Apart from that, the Silicon City is home to major aircraft manufacturing company called Hindustan Aeronautics Limited, which manufactures popular aircrafts such as Sukhoi 30 and Jaguar.
Ex capital of India and capital of West Bengal, Kolkata is a major port city of India. Being the commercial hub of North-East India, it has a GDP of US$150 billion (Rs 957,037,50,00,000). It has become a major destination for IT firms and BPOs. Many global companies are headquartered here, including ITC Limited, Allahabad Bank, and UCO Bank.
Renowned for major industries like steel, IT, textile, mining and pharmaceuticals, Kolkata is a cultural and educational hub of eastern India. With 70 percent growth rate in IT industry, there are many SEZ that is leading the city on the road to rapid industrialization.
Accounted for being amongst the largest commercial cities in South Asia, Delhi is a capital of the country. With an estimated GDP of US$ 167 billion (Rs 1,065,501,75,00,000), the second richest city of India is the home to power, construction, telecom, and retail sectors, thereby, attracting a huge number of foreign investments.
As the national capital, a huge number of government and quasi government employees are based in the city. Precisely 80 percent of city’s GDP comes from service sector, which includes technology, media, banking, hotels, and tourism. Moreover, the urban expansion of the capital has resulted in the inclusion of nearby villages and towns under National Capital region (NCR), such as Noida, Gurgaon, Faridabad, Rohtak and more.
With headquarters of NSE, BSE, RBI and other prominent establishments, Mumbai is unbeatable at No. 1. Its GDP of US$ 209 billion (Rs 1,333,472,25,00,000) contributes to more than 6 percent of the total Indian economy. Home to renowned Bollywood, fashion and entertainment industry, this commercial capital of India also houses many scientific and nuclear research centers.
The capital of Maharashtra is also known as a major port city, which handles over 70 percent transactions of the country’s economy. It contributes 10 percent of factory employment, 20 percent central excise tax collection, 30 percent of IT collections, 40 percent of foreign trade collection, 60 percent custom duty collection, and 10 Billion USD in corporate taxes. Moreover, it is home to 3 largest companies of India, namely Reliance Industries Limited, Tata Group, and Aditya Birla Group.
(Source: rvcj.com, hellotravel.com)