There are some cities in India that have already grown at a tremendous pace. The boom in the Indian economy has led to the rise of a new affluent middle and upper-middle class that has a large spending power. There has been a phenomenal increase in the per capita incomes of this segment of population.
We bring you the top 10 cities of India on the basis of their Gross Domestic Product (GDP).
Mumbai is not only the commercial capital of India but also one of the top trade centres of the world. It is the Mumbai city that houses most of the major financial institutions of the country like the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), the Essar Group, the Tata Group and many others. A major share of the Indian economy comes from Mumbai.
The national capital stands at the second position in the list of top ten cities in the country. The city contributes 4.94% to the total GDP of the country. Delhi has a per capita income of Rs. 78,690, which is more than twice the national average per capita. The retail growth industries, health services and telecommunications have contributed a lot to make the city a developed one.
The erstwhile capital of India, Kolkata contributes US$ 150 billion to the country's GDP. With a population of over five million, the city is witnessing a steep growth in the IT sector. Organisations like ITC Limited, Bata India and Damodar Valley Corporation have their headquarters in the city. With Calcutta Stock Exchange, Kolkata houses one of the important financial hubs in East and Northeast India.
The IT hub of the country, Bengaluru is a rapidly growing economy in the country. The city has the largest number of households that have an annual income of Rs. 10 lakh or more. The city has the headquarters of organisations and institutions like Hindustan Aeronautics Limited, Indian Space Research Organisation, Wipro and Infosys. Indian firms, corporates and multinational companies employ a major chunk of workforce in the city.
With a GDP of US$ 74 billion, Hyderabad is growing at a rapid speed. The city is a one of the major contributors to not only the GDP but also to the state tax and excise duty. With the advent of the IT companies, there has been a substantial growth in the real estate industry too, in Hyderabad.
The capital city of Tamil Nadu, Chennai is a metropolitan city in India and is supported by technology, automobile, healthcare and hardware manufacturing industries. The BPOs and the IT companies are the backbone of its economy. Chennai is among the top 100 most developed cities in the world.
Ahmedabad is one of the top fastest growing developing cities in the world. Pharmaceuticals, chemicals, scientific, textile and garment industries are the major contributors to its economy. Zydus Cadila and Torrent Pharmaceuticals - two of the biggest pharmaceutical companies of the country - are based in the city.
A massive growth has been witnessed in the city of Pune in the last few years. Its industry-friendly environment and weather have boosted the growth in the city. The manufacturing, glass, forging and sugar industries have resulted in the development of the city taking its GDP to US$ 48 billion.
The second largest city of Gujarat, Surat is also known as the textile and diamond capital of India. The GDP of the state is US$ 40 billion and it is the fastest growing city of the country in terms of prosperity. The city has high jobs rates, low unemployment rates and one of the highest per capita small business credits in India.
One of the biggest ports in India, Visakhapatnam is known for extensive import and export trade. The GDP of the city is US$ 26 billion and it is home to many state-owned heavy metal industries and steel plants.
Top Ten Cities in India by GDP
|S. N.||City||2011 GDP (PPP) in USD|
Last Updated on : June 26, 2015