In terms of Purchasing Power Parity (PPP), India is the third largest country in the world whose value is $9.49 trillion. India has a national growth rate of more than 7 percent. Indian cities are the major contributors to the nation’s economy. As these cities are rich, the lifestyle in these cities are also costlier.
Here are the top 10 richest cities of India in terms of Gross Domestic Product (GDP)(PPP).
10. Visakhapatnam- $43.5 billion
The port city Visakhapatnam, also known as Vizag is the largest city and the financial capital of Andhra Pradesh. Visakhapatnam is the oldest shipyard in the country and is one of the largest ports of India. This city of Andhra Pradesh has big industries such as Gail, Vizag Steel and Hindustan Steel.
9. Surat-$59.8 billion
Another important city of Gujarat, Surat is known for the diamond hub of India. 80% of the world's diamond is cut and polish in Surat. 80% of diamonds of India are manufactured only from Surat. Apart from this, Surat is a center of steel, textile and petrochemical industries.
8. Ahmedabad-$68 billion
Ahmedabad is the capital of Gujarat. In Ahmedabad, there are growing companies like Adani Group, Nirma, Arvind Mills, Cadila and Torrent pharmaceutical manufacturers. Ahmedabad is the largest producer of denim and is the largest exporter of gems and jewelery.
7. Pune-$69 billion
Pune is the second most populated metropolis in Maharashtra. Pune is considered as cultural capital of Maharashtra. Pune is also known as "Oxford of the East" due to the presence of many reputed educational institutions. This city attracts the attention of everyone with the growing work of IT companies and automobiles.
6. Hyderabad-$75.2 billion
Hyderabad, the capital of Andhra Pradesh and Telangana is also known as the "City of Pearls". The institution named Lonely Planet ranked Hyderabad as the third best city in tourism. Apart from this, Hyderabad is also called India's "Genome Valley of India". Hyderabad also has film industry named 'Tollywood'.
5. Chennai-$78.6 billion
Chennai is the capital of Tamil Nadu and the major port city of South India. Chennai city is famous for automobile, software services, medical tourism, hardware manufacturing and financial services. Chennai is the second most productive of IT related services. Kollywood is the film industry of Chennai.
4. Bengaluru-$110 billion
Bengaluru is the capital of Karnataka. Bangalore is called the Silicon Valley of India. Bangalore is counted among the top IT cities around warou. 35% workers in Bangalore work in the IT department. The Kannada film industry also has contribution to GDP.
3. Kolkata-$150.1 billion
West Bengal's capital Kolkata is the third richest city in India. Kolkata is known as 'City of joy'. Kolkata is a major port city and the commercial center of North-East India. Like other big cities, Kolkata has also become an important place for IT companies and BPOs. The Bengali film industry of Kolkata also contributes to grow its GDP.
2. Delhi-$293.6 billion
India's capital, Delhi is the second richest city of India. Most of the government and semi government people work in this capital. Delhi attracts foreign investment to its retail, construction, telecom and power sectors. Service sector has 80% contribution in GDP of Delhi.
1. Mumbai-$310 billion
India's largest city Mumbai is known for " the financial, commercial and entertainment capital of India". Mumbai is the capital of Maharashtra. Mumbai has the highest number of millionaires and billionaires among the all cities of India. And of course Bollywood; without Bollywood Mumbai is incomplete, Bollywood is the world's largest film industry in terms of film production. And thus Mumbai is the India's No.1 richest city and 12th richest city globally.
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