India is the world’s sixth largest economy in terms of nominal GDP and the third largest in terms of purchasing power parity (PPP). It has also surpassed China as the world’s fastest expanding economy. Despite the global trade disruption caused by the 2020 pandemic, India remained the 14th largest importer and the 21st largest exporter. So there’s no denying that India and its cities are exploding in various industries. The list of India’s top 10 richest cities, which contribute considerably to the country’s economy, The article contains the richest places. They get this grade according to their purchasing power parity (GDP PPP).
1. Mumbai
With a nominal GDP of $310 billion, the city of Mumbai, which is located in the state of Maharashtra, has risen to the top of the list of India’s wealthiest cities. Mumbai is the state capital and largest city of Maharashtra. It is now India’s most populous city, and the Mumbai Metropolitan Region is the country’s second-most populous metropolis. Mumbai Finance, banking, and the service industry all make substantial contributions to our country’s economy.
Mumbai is home to India’s major stock exchange, as well as important institutions such as the National Stock Exchange and the Reserve Bank of India, making it the country’s largest trade centre. As a result, Mumbai is also known as the “Financial Capital of India.” It is also well known that Mumbai alone produces 25% of our country’s total industrial output, accounts for 70% of India’s marine trade, and accounts for 70% of capital transactions.
India’s financial capital is also ranked 12th among the world’s wealthiest cities.
The city of Mumbai is home to the majority of India’s billionaires, yet there is also a slum-like Dharavi in Mumbai, but whatever it is, Mumbai is renowned as the “City of Dreams” in the tourism industry. And the real estate market has been booming for a long time. The most costly properties in India are in Mumbai.
2. Delhi
India’s capital Delhi and the country’s second-largest metropolis in terms of population. That rated second in the list of top richest city with a GDP of $293.6 billion. When it comes to metropolitan population, the centre National Capital Region is India’s largest metropolis. In terms of the service, tourism, and real estate sectors in Delhi, the city of Gurugram, Noida, and Greater Noida has emerged as an IT and manufacturing hub, and the area around Delhi city of Gurugram, Noida, and Greater Noida has emerged as an IT and manufacturing hub.
The significant attractions are the Qutub Minar, Red Fort, India Gate, Rashtrapati Bhavan, Parliament House, Akshardham Temple, Jama Masjid, and others. On the list of cities worth living in, Delhi is the 13th most livable city in India. “Multicultural Hub” also used for Delhi.
3. Kolkata
The city of Kolkata, which is located in the state of West Bengal and is the capital and largest city of West Bengal, is ranked third with a GDP of $250 billion. Kolkata is India’s seventh most populous city, while the Kolkata Metropolitan Area is the country’s third most populous metropolis. This is the real “Cultural Capital of India”. Also known as the “City of Joy.” Kolkata’s service sector, particularly the IT sector, has exploded in recent years.
Salt Lake City in Kolkata is emerging as an IT powerhouse for Western India, not only West Bengal. Kolkata’s tourism industry is already making a substantial contribution to the city’s economy. Kolkata’s prominent tourist attractions include the Howrah Bridge, Victoria Memorial, Kalighat, Dakshineswar, Birla Mandir, Niko Park, and Durga Puja. Kolkata was previously India’s capital as well.
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4. Bangalore
With a total GDP purchasing power of US$110 billion, Bengaluru is India’s most liveable city on the list of liveable cities, ranking first in the ease of living rating.
Bangalore is the capital of the Indian state of Karnataka. Bangalore is Karnataka’s capital and largest city. It has secured the 4th position in the list of the top richest cities in India. It has grown to become India’s third-largest metropolis in terms of population. Bangalore Metropolitan Area is India’s fifth-biggest metropolis by population, and as you may know, Bangalore has become the world’s largest IT centre. It’s also known as India’s “Silicon Valley.”
Bangalore is also known as the “IT Capital of India” and “Garden City,” among other things. Bengaluru alone accounts for more than 40% of India’s total IT exports. The real estate and manufacturing industries are also expanding rapidly. Bangalore is the world’s third-fastest-growing city.
5. Chennai
On the list of best cities to live in, Chennai ranks fourth in India. The city of Chennai has a GDP buying power potential of US$86 billion.
Chennai’s automobile sector contributes significantly to the city’s economy. As a result, the city also named the “Detroit of South Asia.” Beaches, temples, and lakes have always been popular tourist destinations. Chennai is India’s ninth-fastest-growing city.
The city of Chennai is in the state of Tamil Nadu. Chennai is the state capital of Tamil Nadu as well as the state’s largest metropolis. Chennai is India’s sixth-largest city by population and the fourth-largest metropolis by population in the Chennai Metropolitan Area.
Also Read:- How to Become Rich in India
6. Hyderabad
Hyderabad has a GDP Purchasing Power of 83.5 billion dollars. It holds the ^th position in the list of top Richest city.
Telangana’s capital and largest city is Hyderabad. In recent years, Hyderabad has developed into a significant IT centre in our country. In addition, both the service and manufacturing sectors are expanding at a rapid pace. Hyderabad is well-known throughout India for its jewellery industry, particularly for its trading and processing of pearls.
Hyderabad is also known as the “City of Pearls”. You may know that brother is famous for Hyderabadi Biryani, but the Telugu film industry here also contributes significantly to the economy of our country when it comes to tourism. The tourism industry is already contributes significantly to the local economy. Tourist attractions such as the Charminar are well-known throughout the world, and let us remind you that Hyderabad is the world’s fourth fastest-growing capital.
7. Pune
Pune’s GDP purchasing power is US$69 billion.
Pune is the second-largest city in Maharashtra. It is famed for its educational institutions, and it is also known as the “Oxford of the East.” In recent years, Pune has been rapidly industrialising, and it is on its way to becoming a global industry centre, not just in India.
Pune has seen substantial expansion in the automobile industry, as well as the IT and service sectors. As a result, growth is also there in the real estate sector, particularly in the tourism sector. As a result of Pune’s beautiful scenery, the tourism industry is already contributing to the city’s economy. In terms of cities to live in, Pune is the second most liveable city in India.
8. Ahmedabad
Ahmedabad’s total GDP purchasing power is US $ 68 billion moreover it secures 8th position in the list of Richest cities. Ahmedabad is the capital of the Gujarat and it is the main city also. It is also known across India for its textile industries, and the textile industry is a key contributor to the city’s economy. It is also called as “India’s Textile Hub” and “Manchester of the East.”
However, the service and IT sectors are currently increasing at a rapid pace, which is causing the real estate market to boom, particularly in West Ahmedabad. The Sabarmati River Front in Ahmedabad is the longest riverside in the world. Ahmedabad’s tourism industry has also grown as a result of its development.
In Ahmedabad, the world’s largest cricket stadium, the “Narendra Modi Cricket Stadium,” was built, and it is located in the Sardar Vallabhbhai Patel Sports Inn Club. As a result, Ahmedabad has created a reputation for itself in the sporting world. Ahmedabad is India’s third-most liveable city, according to the ease of living index.
9. Surat
Surat’s total GDP is 59.8 billion US dollars based on GDP purchasing power.
Surat is the second-largest city in Gujarat and the world’s fastest expanding city, according to the United Nations. Surat is famous in the world. That was for its diamond. textile industries, is the “The Diamond City of India” and “The Silk City of India.”
Surprisingly, Surat also known as the Sun City is currently seeing rapid growth in the real estate and information technology sectors. Surat is India’s second cleanest city. Surat is also the sixth most liveable city in India in terms of quality of life, according to major national rankings.
10. Visakhapatnam
Visakhapatnam is quickly becoming a major tourist destination in our country. Visakhapatnam’s total GDP is US$ 48.5 billion based on GDP Purchasing Power. It is in 10th position in the list of Richest city.
Visakhapatnam, popularly known as Vizag, is the largest city in Andhra Pradesh, and it is located in the state of Andhra Pradesh. Because it is a seaside city and India’s trading centre, Visakhapatnam is rapidly developing. Because of the city’s rapid growth of industries and industrial units, it is known as the “Industrial Port of India.”
