Wondering what the richest city in India is? Well, India has a number of cities here is a list of the top 5 richest cities.
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Mumbai
This is India’s entertainment, fashion, and commercial capital. Mumbai has a GDP of 209 billion dollars and is one of the best places to visit while on your India tours. This port city is the capital of Maharashtra. It handles over 70 percent of transactions that take place in India. This city contributes 6 percent of India’s economy. The city is responsible for 10 percent of factory employment, 60 percent customs duty, 30 percent IT collections, 20 percent central excise tax collection, and 10 billion dollars in corporate taxes. It is home to the NSE, RBI, and BSE headquarters alongside other important establishments. This is what makes it the richest city in India.
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Delhi
This is India’s capital city with an estimated GDP of 167 billion dollars. As the capital city, it is home to most of the national government’s offices and employees. It boasts a lucrative retail industry which attracts the most FDI. The service sector in Delhi contributes more than 80 percent of Delhi’s GDP. The key service sectors that operate in Delhi include hotels, technology, banking, tourism, and media. Urban expansion in Delhi has promoted the inclusion of other towns such as Gurgaon, Noida, Rohtak, as well as Faridabad under NCR.
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Kolkata
This is the capital of West Bengal and also the former capital of India. With a GDP of over 150 billion dollars, this is India’s major port area and north-east India’s commercial hub. Like all other cities in India, Kolkata has grown to become the leading destination for BPOs and IT firms. There are global companies with headquarters in Kolkata that include Allahabad Bank, ITC limited, as well as UCO Bank. The IT sector in Kolkata has shown great improvements over the years with a growth rate of over 70%. This has seen a rapid setting or SEZs which has led to very rapid industrialization in the city.
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Bengaluru
Also referred to as India’s Silicon Valley, Bengaluru is the capital city of Karnataka and was the first place major IT started from, employing over 30% of the IT experts in India. The GDP is estimated to be over 83 billion dollars with it being named as one of the best locations preferred by entrepreneurs. It is one of the cities India for anyone looking to get into business. More than 65 percent of aviation business in India is conducted from Bangalore with R&D and engineering centers for aero companies such as Airbus, Boeing and GE aviation among others.
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Hyderabad
Commonly referred to as the city of pearls, Hyderabad boasts a GDP of more than 70 billion dollars. This city and its suburbs also have the highest SEZ in India. It is ranked as the 3rd best city for tourism worldwide. It is the hub of the pharmaceutical industry in India and the world. It is also prominently an IT city with offices of the greatest internet companies such as Google, IBM, and Amazon among others.
