6 Indian Metros With High Economic Growth
Chennai
Chennai is one of the megacities in India and fourth in contributing to its vast growing economy. Chennai shows a GDP of $44.0 billion this year. The GDP represents the economic growth and production which has a large impact on almost everyone within the given economy. Like, when the economy is flourishing, there will be low unemployment, the salaries increase as business demands labour to sustain the growing economy.
Chennai has a population of 8,975,213 as of 2012. Chennai being one of the fastest growing cities in the country has a diversified economic base. The sectors that contribute to its growing economy are automobile, hardware manufacturing, software services, financial services industries and health care. The city is also the hub for over 30 percent of automobile industry and resides 40 percent of the auto component industry in the country. Apart from these sectors, Chennai also manufactures textile and adds to 50 percent of the country’s leather export. The city’s employment count is 3,777,026 as of 2012.
