Top 10 Richest Cities of India in 2023


India has the world's sixth-largest nominal GDP and third-largest Purchasing Power Parity (PPP). It also has the world's fastest-growing economy, outpacing China. Despite the fact that the 2020 pandemic disrupted global trade, India remained the 14th largest importer and the 21st largest exporter. So there is no doubt that India and its cities are growing exponentially in various sectors.

Here is the list of the top richest cities of India:

  1. Mumbai

Mumbai, also known as the City of Dreams, is India's richest city, with a GDP of $606.625 billion. India's financial capital is also ranked 12th on the list of the world's wealthiest cities. The city is also home to many of the country's billionaires, as well as many large Indian corporations such as Tata, Reliance, and the Aditya Birla Group. Bollywood and the glamour industry contribute significantly to the city's allure, with the media, financial services, and real estate sector accounting for a sizable portion of the economy. Mumbai has numerous tourist attractions that benefit the tourism industry.

  1. Delhi

Delhi, the country's capital and largest city, is a wealthy city to say the least, with an estimated PPP Metro GDP of $370 billion. The city is a political hotspot and is home to some well-known politicians. Delhi has a rich political and cultural history, with many historical and political sites. This draws tourists both from within the country and from around the world.

  1. Kolkata

Kolkata, formerly known as Calcutta, was the capital of British India. It is popularly known as the "city of joy," and it ranks third on the list of the richest cities in Southern Asia. The GDP of Kolkata is 150.1 million. It is home to some of the world's largest corporations, including Coal India and Britannia. The majority of the city's population works in the tertiary sector, and the city is well-known for its financial and commercial centres. And one cannot avoid its extremely popular and delectable traditional sweets.

  1. Bengaluru

Bengaluru, also known as the Silicon Valley of India, ranks fourth on the list of richest cities in India. It is the state capital of Karnataka. It was dubbed "India's Silicon Valley" because it is the country's leading exporter of information technology (IT). The city is also home to the Kannada film industry and major e-commerce sites such as Myntra and Flipkart. Bengaluru also has eight billionaires with a combined net worth of $320 billion. Without a doubt, it is one of India's fastest-growing metropolitan areas.

  1. Chennai

Chennai, the capital city of Tamil Nadu, ranks fifth on the list of wealthiest cities. The automobile industry is known to be the city's economic backbone. Chennai is also quite rich in a culture based on Tamil traditions and thus serves as a gateway to South Indian culture for tourists from India and abroad. The city is also known as the "Detroit of India" due to its massive dominance in the automobile industry and its contributes to India's IT sector.

  1. Hyderabad

Hyderabad, located in Telangana, is well known for its rich culture and delicious food, particularly its famous biryani. The city is multilingual, with Hindus constituting the majority, followed by Muslims and Christians. There are numerous temples, masjids, and churches, making tourism the backbone of the economy. Hyderabad is also well-known for its technological progress and IT industry.

  1. Pune

Pune is the eighth largest city in India and is located in the state of Maharashtra. It has a GDP of 92 billion USD. Because of its wide range of some of the best schools and universities, Jawaharlal Nehru dubbed Pune the "Oxford of the East" at one point. It draws students from all over the world. The city is also culturally and historically rich, with numerous popular tourist attractions contributing to its economy through the tourism industry.

  1. Ahmedabad

Ahmedabad, the commercial capital and largest city of Gujarat, ranks eighth on the list of richest cities, with an estimated GDP of $68 million.

The city is also known as the "Manchester of the East" because the textile industry accounts for the majority of its economy. Ahmedabad is also culturally rich, making it a tourist attraction that contributes significantly to the local tourism industry. The Calico Museum of Textiles houses a large collection of both modern and antique textiles.

  1. Surat

Surat is a large city in the western state of Gujarat, located along the Tapi River. It also has large textile industries and is one of India's cleanest cities. It is also the centre of the diamond trade. This city cuts and polishes roughly 90% of the world's diamond supply. Surat's economy has grown significantly in recent years. According to a recent Economic Times study, Surat will be the fastest-growing city between 2019 and 2035.

  1. Visakhapatnam

Vishakhapatnam, a port city in Andhra Pradesh, is India's tenth richest city. It is Andhra Pradesh's largest and most populous city. The city is home to many large corporations and is a popular tourist destination due to its cultural heritage and beautiful beaches. It also has a number of educational institutions, including the National Institute of Oceanography of India, the Indian Institute of Management (IIM), the Andhra Medical College (AMC), and the Andhra University (AU), among others. It is also known as the financial capital of Andhra Pradesh and one of the richest cities in India.




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