The largest democracy and the fastest developing country in the world, India has a huge population of over 1.2 billion people. It is the only nation in the world having more than 50% young population below the age of 20. The large manpower and growth opportunities in the country have resulted in a fast development growth rate. The prosperity index of India is measured in the terms of Gross Domestic Product (GDP). Also, the cities development and prosperity is measured in GDP which makes some cities richer as compared to others in India. As far as wealth is concerned, India is the third richest country in the world with a GDP of $5 trillion.
The globalization in India has made a strong impact on the cities and they have grown at a much faster pace in the last 2 decades. Growth in every aspect has not only improved the per capita income of the cities but has also increased the employment opportunities. Jotted below are the top 10 richest cities of India, with the highest GDP in 2016:
1. Mumbai: Famous as the commercial capital of the country, Mumbai is the center point of all the financial institutions like Bombay Stock Exchange (BSE), and Reserve Bank of India (RBI). The GDP of Mumbai is $209 billion.
2. New Delhi: It is the capital city of India, which contributes 4.94% of total GDP of India. The health services, retail industries, and telecom sector contribute a major part of the GDP of Delhi.
3. Kolkata: It is ranked third in the list and contributes $150 billion to the total GDP. IT sector is the major contributing sector in GDP along with Calcutta Stock Exchange.
4. Bengaluru: The biggest IT hub of India, Bengaluru has the per capita income of Rs. 10 lakh per household, with the GDP of $83 billion.
5. Hyderabad: With a GDP of $74 billion, Hyderabad took 5th place in the list. There are some major IT companies and real estate sectors experiencing substantial growth in the city.
6. Chennai: It might be shocking to know that Chennai is among the top 100 developed cities in the world. With the GDP of $66 billion, the city is growing fast in the sectors like BPO, IT, Healthcare and industries.
7. Ahmedabad: The largest industry base with $64 billion, companies like Adani Group, Nima, Torrent Pharmaceuticals, etc. are major contributors to city’s GDP.
8. Pune: The city contributes about $48 billion to the total GDP of the country.
9. Surat: It is famous for its Diamond and textile industries. It contributes $40 billion to India’s GDP. Also, it is the city with highest growing employment rates and low unemployment rates.
10. Visakhapatnam: The total GDP of this city is $26 billion with major contributors being steel plants and heavy metal industries.
