Get A list of the Top 10 Richest Cities in India in 2024
GDP plays a big role in the economy of the cities. This GDP defines the economic state of this city. The places we have made a list rich with food, attractions, and culture. The cities really hold different dynamics and showcase a culture that’s very unique in its own way.
Here is the list of the Top 10 Richest Cities in India in 2024-
10. Visakhapatnam
GDP: $55 Billion
The city is home to various state-owned heavy industries and a steel plant. Apart from accommodating various international information technologies and banking firms, the city is a hub for iron ore and other minerals which are exported to China and other countries. The fishing and real estate industry has seen tremendous growth. The city has a population of over 1 million. It is appreciated for its natural beauty and described as the land of destiny.
9. Surat
GDP: $59.8 Billion
Surat’s infrastructure includes a computerized water distribution system and a computerized drainage system. The well-developed commercial city of Gujarat, Surat has contributed a GDP of $40 billion. The city is popularly known as the diamond capital of the world and the textile capital of India.
Diamond-studded gold jewelry and real estate are the new emerging businesses in the city and 92% of the world’s diamonds are cut and polished in Surat. Steel, petrochemical, and jari manufacturing are among other major industries contributing to the economy.
8. Pune
GDP: $69 Billion
The second largest city of Maharashtra, Pune contributes. Pune is also known for its educational facilities, the city has developed its manufacturing, glass, sugar, and forging industries. Other prominent industries in the city are the automotive and information technology sectors.
The city accommodates automotive companies like Tata Motors, Mahindra & Mahindra, Mercedes Benz, Force Motors, and Kinetic Motors to automotive component manufacturers like Saint-Gobain Sekurit, TATA Autocomp Systems Limited, Robert Bosch GmbH, ZF Friedrichshafen AG, Visteon, and Continental Corporation are located here.
7. Ahmedabad
GDP: $75 Billion
This largest industrial hub in Gujarat contributes a GDP of about $64 billion. The city is home to the developing textile and garment industry. Ahmedabad has a population of more than 5.5 million and is credited for its architecture, gardens, and parks. It is one of the fastest-growing cities in India with improved systems of potable water and electricity.
Ahmedabad houses two of the largest pharmaceutical companies in India—Zydus Cadila and Torrent Pharmaceuticals and the headquarters of other important companies like Nirma and Adani Group. The automobile sector plays an important role in the city’s economy.
6. Chennai
GDP: $78.6 Billion
The capital of Tamil Nadu contributes a GDP of $66 billion. The city is considered the country’s second-largest exporter of information technology and business process outsourcing services. The automobile sector is based in the city and is the backbone of the economy. This fourth-largest metropolitan city in the country has a population of 8.9 million people.
The automobile, computer, technology, hardware manufacturing, and healthcare sectors include Chennai’s major business activities. The city is a host to many textile manufacturers and the Southern suburb of the city acts as a special economic zone to manufacture apparel and footwear.
5. Hyderabad
GDP: $110 Billion
The capital of Andhra Pradesh, Hyderabad contributes a GDP of about $74 billion. Information technology, pharmaceuticals, and biotechnology industries are the main sectors that contribute to its economic growth. The city has the highest number of special economic zones among all the cities in the country.
Hyderabad has a large informal economy that employs 30% of the labor force. It is known for its Genome Valley and other technology parks.
The city has a population of 6.8 million and is noted for its unique culture. It is a tourist destination with many interesting monuments, museums, and bazaars.
4. Bangalore
GDP: $150 Billion
The garden city of India contributes a GDP of $83 billion. It is popularly known as the Silicon Valley of India as many information technology companies are set up in the city.
Many reputed corporate companies like Wipro and Infosys and several public undertakings like Indian Space Research Organisation and Hindustan Aeronautics Limited are headquartered in the city. It is also considered a hub for the biotechnology sector.
With an estimated population of 8.5 million, the city is the third largest in terms of high-net-worth individuals. Bangalore is a multicultural city where people flock in and out for its pleasant climate and various tourist attractions.
3. Kolkata
GDP: $150 Billion
The capital of West Bengal, Kolkata contributes a GDP of about $150 billion after the highest from Mumbai and Delhi. This city houses many industrial units and steel, mining, cement, pharmaceuticals, food processing, agriculture, textiles, and jute are the major sectors responsible for economic growth.
The city is one of the important financial hubs of East and North-East India and houses the Calcutta Stock Exchange.
2. Delhi
GDP: $293.6Billions
Kolkata is the only city in eastern India to have an international airport. Cycle rickshaws and metro rail has played an important role in the city’s transport system. Delhi is known for its fastest-growing retail industries and the city’s economy consists of integral sectors like construction, power, telecommunications, health and community services, and real estate.
Considered one of the biggest commercial centers in South Asia, Delhi’s transport system includes buses, auto rickshaws, and metro rail. The city has around 4.5 million residents and attracts many tourists for its stunning architecture.
1. Mumbai
GDP: $310 Billion
India’s economic powerhouse, Mumbai not only contributes the highest GDP of $209 billion but is also responsible for 25% of industrial output, 70% of maritime trade in India, and 70% of capital transactions to the nation’s economy. Known as the industrial hub of India, the city operates sectors from textiles to petrochemicals and serves as the headquarters for many companies. Important financial institutions such as the Reserve Bank of India, Bombay Stock Exchange, and National Stock Exchange of India occupy the land of Mumbai.
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