Top 15 Indian Cities with Highest GDP
Bangalore: A large skilled labour force, growth in manufacturing sectors and considerable foreign investments rank India as one of the fastest-growing economies in the world. The economic growth rate of the country is at 6.5 percent for 2011-12 and the CIA World Factbook estimated the GDP of India to be $4463 billion derived from purchasing power parity as of 2011.
Mumbai, the economic powerhouse of India not only contributes the highest GDP of $209 billion but is also responsible for 25 percent of industrial output, 70 percent of maritime trade in India and 70 percent of capital transactions to the nation’s economy. Best acknowledged as the industrial hub of India, the city operates sectors from textiles to petrochemicals and serves as the headquarters for many companies. Mumbai has some of the most important financial institutions such as the Reserve Bank of India, Bombay Stock Exchange and National Stock Exchange of India. Around 14 million people dwell in this city from different background. The city houses around 14 million people from various backgrounds. This metropolitan city has beautiful colonial architecture, double-decker buses and suburban rail system which carry about 2.2 billion passengers every year.
The capital city contributes the second highest GDP of $167 billion to the country. With a large consumer market, the city has been successful in attracting foreign direct investments. The city is famous for its fastest growing retail industries and the city’s economy consists of integral sectors like construction, power, telecommunications, health and community services and real estate. With a population of 16.3 million as of 2011, the city has a large expatriate population in the country. Being one of the biggest commercial centres in South Asia, City’s transportation includes auto rickshaws, buses and metro rails.
West Bengal’s capital city, Kolkata adds a GDP of about $150 billion after Mumbai and Delhi. House to many industrial units; steel, mining, cement; pharmaceuticals, food processing, agriculture, textiles and jute are the chief sectors responsible for economic growth. Being one of the most important financial hubs of East and North-East India, it also has the Calcutta Stock Exchange. With around 4.5 million residents, the city attracts many tourists for its eye-catching architecture. It is the one and only city in whole of eastern India to have an international airport. Metro rail and cycle rickshaws play a vital role in the city’s transport system.