Know The Top 5 Richest Cities In India It is well known that India is now leading the group of developing countries which are growing at a faster pace. Amidst any global economic showdown, BREXIT news and times when several companies are downsizing and lowering employee counts, India has managed to maintain and keep a consistent growth rate. Here we listed top 5 richest cities in India. The names in the blog are compiled by New World Wealth.
Here are the top 5 richest cities in India. MUMBAI In 2009, Mumbai was named as one of world’s “Alpha Cities” and it has several reasons to do that. Mumbai is the technical hub of India as it abodes premier scientific and nuclear institutes. Mumbai is also one of the largest cities in terms of population and responsible for about 70% of capital transactions for nation’s economy. And to add, with 46,000 millionaires and 28 billionaires presently, it’s the richest city in India.
DELHI The capital of India comes in at number two as one of the richest Indian cities. Delhi happens to be one of the biggest commercial cities in South Asia and has the largest foreign direct investment. Retail industries are flourishing in Delhi, besides power, construction, and telecom. New Delhi abodes 23,000 millionaires and 18 billionaires, with a total wealth of about $450 billion.
BENGALURU Bengaluru, the capital of Karnataka is popularly called the Silicon City of India because it gave birth to several IT companies. Bangalore ranks among the top 10 world locations preferred by entrepreneurs. Bangalore ios growing in IT, silk industry and R&D sector. With 7,700 millionaires and 8 billionaires and an approximate wealth of $320 billion, occupies the 3rd position among the richest cities in India.
HYDERABAD A historic city which was known for its pearl and diamond trading center. A lot of the markets present in the city have been there for centuries. During the 20th century, the city witnessed an influx of research, manufacturing, and financial institutions which helped a lot to contribute to its hefty GDP. Abode for 9,000 millionaires and 6 billionaires, Hyderabad is 4th richest and with a total wealth of $310 billion.
KOLKATA Kolkata, or previously known as Calcutta, is considered one of the most significant financial hubs in India and is also the key educational, commercial, and cultural center of East India. The city is fast expanding owing to a wide range of
industries which includes steel, mining, pharma, and textiles productions. The I.T. sector is also growing fast and hugely as well, it was reported that the I.T. industry in Kolkata has grown by twice the strength of national average, at a rate of about 70% in the 2000s. Kolkata is abode to 9,600 millionaires and 4 billionaires and has a total wealth of about $290 billion. It is India’s 5th richest city. So that’s really nice to see the names to become the richest cities in India and the best thing is that they are evolving and doing better in every aspect. A few other cities in the chain of the richest cities in India are Chennai and Pune. And stay connected with us and you keep visiting our website ForumMantra and follow our Facebook page and follow us on Twitter for more updates and news.