India is the world’s 6th largest economy by nominal GDP and 3rd largest by it’s Purchasing Power Parity(PPP). It is also the world’s fastest growing economy, even surpassing China. Although the 2020 pandemic wrecked havoc on trade worldwide, India remained 14th largest importer and 21st largest exporter. So there’s no doubt India and it’s cities are growing exponentially in different sectors.
10 Richest Cities in India 2023
Here, we shall take a closer look at the richest cities in India 2023:
Mumbai, also knows as the city of dreams is the richest city in India with GDP of $606.625 billion. The financial capital of India is also ranked 12th on the list of richest cities globally. The city also houses major billionaires of the country and is also a home to many big Indian companies like Tata, Reliance and Aditya Birla Group.
Bollywood and the glamour industry are a crucial part of the cities charm with media, financial agencies and real estate section making up for a huge part of the economy. Mumbai holds numerous tourist attractions that aids the tourism industry as well.
The capital of the country and the city with most population, Delhi, is a wealthy city to say the least with estimated PPP Metro GDP of $370 billion. The city is the political epicenter and home to some big names in politics. Delhi has a rich political and cultural background with many places of political importance and ancient history. This also attracts tourists within the country and from all over the world.
The city’s notoriously famous mouth watering cuisine and popular markets make visiting this city totally worth it.
Kolkata, also previously known as Calcutta, used to be the capital of British India. It is widely knows as the ‘city of joy’ and ranks third on the list of richest cities in southern Asia. Kolkata has a GDP of 150.1 million. It houses some of the big companies like Coal India and Britannia.
Majority of the city’s population is involved in the tertiary sector and is know for its financial and commercial centers. And one definitely cannot avoid it’s extremely popular and mouth watering traditional sweets.
Popularly known as the Silicon Valley of India, Bengaluru comes 4th on the list of richest cities in India. It is the capital city of Karnataka. It received the title of ‘Silicon Valley’ of India due to it’s role as nation’s leading Information Technology (IT) exporter. The city also houses Kannada film industry and is home to major E-commerce sites like Myntra and Flipkart headquartered in the city.
Bengaluru also comprises of 8 billionaires with a net worth of $320 billion. No doubt it is one of the fastest growing metropolitan cities in India.
The capital city of Tamil Nadu, Chennai, holds the 5th place in list of richest cities. The city is known to have the automobile industry as it’s economical backbone. Chennai is also quite rich in culture based on Tamil traditions, and hence also serves as a gateway to the South Indian culture for tourists within and outside of India.
The city is also reportedly called as ‘Detroit of India’ due toh the huge dominance of the automobile industry and also contributes to the IT sector of India.
Situated in Telangana, Hyderabad falls 6th under the list of richest cities. Hyderabad is the 4th most populous city in the country. The city is extremely popular for its rich culture and delicious food, more well known for its famous biryani. The city is multi-lingual with Hindus being the majority of the population followed my Muslims and Christians.
There are a multitude of temples, masjids and churches which makes tourism industry the backbone of its economy. Hyderabad is also knows for its technological advancement and its IT industry.
Located in the state of Maharashtra, Pune is the eighth largest city in India. It boasts a GDP of US$92 billion. Jawaharlal Nehru once named Pune as the ‘Oxford of the east’ because of it’s wide range of some of the best schools and universities.
It attracts students from around the globe. The city is also culturally and historically rich with many popular tourist attractions which aids it’s economy via the tourism industry.
The commercial capital and the largest city of Gujrat, Ahmedabad comes 8th under the list of richest cities with an estimated GDP of $68 million.
The city is also knows as the ‘Manchester of the East’ as the majority of it’s economy depends upon the textile industry. Ahmedabad is also culturally rich and hence a tourist attraction, that contributes well to the tourism industry there.
The calico museum of textiles has significant collection of modern and antique textiles.
Surat is large city beside the Tapi river in the west state of Gujarat. It also houses large textile industries and is one of the cleanest cities in India. It is also the center of diamond markets.
About 90% of the world’s diamond supply are cut and polished in this city. Surat’s economy has a seen a significant growth in the recent years. According to a recent study in the Economic Times, Surat will become the fastest growing city between 2019-2035.
The port city of Vishakhapatnam, located in Andhra Pradesh is the 10th richest city in India. It is the largest and most populous city of Andhra Pradesh.
The city houses many big businesses and is also a major tourists attraction due to it’s cultural heritage and beautiful beaches. It also has numerous education institutes like National Institute of Oceanography, India, Indian Institute of Management (IIM), Andhra Medical College (AMC), and Andhra University (AU) and others.
It is also often referred to as the financial capital of Andhra Pradesh and among richest cites in India.
These are the 10 richest cities of India in 2023. And the rate at which the economic infrastructure of these cities are growing, we can expect a hike in their GDP in the near future.
We have shared the list above. Please check.