By: JurmoloyaRava
The capital of Maharashtra has an estimated GDP of $310 billion. The financial and commercial capital of country contributes more than 6 percent of nation’s GDP, 10 percent of factory employment, 60 percent of customs duty collection, and 30 percent of income tax collections. Mumbai is ranked sixth among the top ten cities with most billionaires i.e 28 billionaires.
The Indian capital has an estimated GDP of $293.6 billion. The service sector contributes more than 75 percent of Delhi’s economy. The largest cities in North India have one of the lowest unemployment rates in the country. Retail, information technology, telecommunication, hotels, media, banking, power, construction and real estate are key sectors which contribute to the city’s economy. Delhi is home to 18 billionaires.
The capital of West Bengal and ex-capital of India, Kolkata has a GDP of 150 Billion USD. Kolkata is a major port city and commercial hub of North-East India. Like other major cities, now Kolkata has become an important destination for IT firms and BPOs. Some global companies with headquarters in Kolkata include ITC Limited, Allahabad Bank, and UCO Bank. Currently, the IT sector is growing in the city at the rate of 70% and several SEZ is being set leading to rapid industrialization. Kolkata is home to 4 billionaires.
The capital of Karnataka has an estimated GDP of $110 billion. Many biggest IT-firms are in Bengaluru which earned this southern city the name ‘Silicon Valley of India’. Bengaluru contributes more than 35 percent of India’s IT exports. The city also houses some major manufacturing industries like Bharat Heavy Electricals Limited, Bharat Electronics Limited, and Bharat Earth Movers Limited among others. Infosys and Wipro have their headquarters in Bengaluru. The city is home to 8 billionaires.
The capital of Tamil Nadu has an estimated GDP of $78.6 billion. Chennai’s economy is driven by automobile, financial services, healthcare, software services and hardware manufacturing. The city contributes 14 percent in the country’s information and technology services making it second largest exporter in the IT and BPO sector. The city is home to 40 percent of India’s automobile industry which earned Chennai the nickname ‘Detroit of India’. The city is home to 4 billionaires.
The joint capital of Telangana and Andhra Pradesh has an estimated GDP of $75.2 billion. Hyderabad is also known as ‘City of Pearls’ for its famous trading centre of pearls. More than 90 percent of city’s population is employed in the tertiary sector. Hyderabad contributes one-third of India’s bulk drugs and 16 percent of biotechnology products which earned city the name of ‘India’s Pharmaceutical Capital’. The city is home to 6 billionaires.
The largest city of Gujarat has an estimated GDP of $68 billion USD. Adani Group, Nirma, Arvind Mills, Cadila, and Torrent Pharmaceuticals are some major international companies with their base in the city. Ahmedabad is the largest supplier of denim and the largest exporter of gems and jewellery. Ahmedabad is rapidly emerging as a financial hub in the western region.
The second largest city in Maharashtra has an estimated $69 billion USD. Pune is well known for its automobile industries and educational institutions. The automobile manufacturing, IT and BPO exporting are major contributors to the city’s economy. Automobile manufacturers like Volkswagen, Tata Motors, Mercedez Benz, Renault and others have the presence in the city. Pune is home to 5 billionaires.
Surat’s estimated GDP is 40 Billion USD. The City Mayor’s Foundation estimates the GDP to be 57 Billion USD by 2020. Surat is known as the Diamond Hub of the world. 90% of the total rough diamonds in the world are cut and polished in Surat. This percentage is 99.9% for India. 90% of the diamonds that are exported from India go from Surat. Also a major textile player, Surat has more than 380 dyeing and printing mills and 41,000 power looms. 40% of India’s artificial fabric comes from Surat.
Visakhapatnam has an estimated GDP of $43.5 billion. The port city of Andhra Pradesh houses heavy industries like GAIL, Hindustan Shipyard, and Vishakhapatnam Steel Plant among others. The city has a presence of software, textiles, drugs and pharmaceuticals industry.
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