Sunday, October 7, 2012

Top 15 Indian Cities with Highest GDP

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.


1. Mumbai


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.


2. Delhi


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.

3. Kolkata


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.


4. Bangalore


Silicon Valley of India adds a GDP of $83 billion. Popularly known as garden city of India, it has many information technology companies. Well known IT companies like Infosys and Wipro and many public undertakings like Hindustan Aeronautics Limited and Indian Space Research Organization have their headquarters in the city. It is also a hub to biotechnology sector. Being third highest in terms of net worth individuals, the city has an estimated population of 8.5 million. It also attracts a lot of tourists for its pleasant climate. Buses, taxis, autos and metro are the main source of transportation in the city. Business related to transportation infrastructure has a scope of major growth.

5. Hyderabad


Hyderabad contributes a GDP of about $74 billion. The sector that contributes to its growth includes information technology, pharmaceuticals and biotechnology industries. The city has the maximum number of special economic zones among all the cities in the country. The city is famous for its Genome Valley and other technology parks. It has a large informal economy that employs 30 percent of the labour force. With a population of around 6.8 million, the city has its unique culture. Interesting monuments, museums and bazaars attracts lots of tourists every year. House to around 13 universities and business schools, it stands as an education hub. . It is also known for the development of a township with technological infrastructure.

6. Chennai

Chennai contributes a GDP of $66 billion. The city is regarded as country’s second largest exporter of information technology and business process outsourcing services. The backbone of the city is its automobile sector. Chennai’s major business activities include automobile, technology, computers, health care sectors and hardware manufacturing. Being home to many textile manufacturers, the Southern part of the city is a special economic zone for manufacturing apparel and footwear. Being the fourth largest state of the country, it s population is estimated to be around 8.9 million. As the city has the highest number of flyovers, it is often called city of flyovers.


7. Ahmedabad

Gujarat, the largest industrial hub in the country, contributes a GDP of about $64 billion. Home for the developing textile and garment industry, the city houses two of the largest pharmaceutical companies of India namely, Zydus Cadila and Torrent Pharmaceuticals. Other important companies like Nirma and Adani Group also have their headquarters in the city. The automobile sector plays a significant role in the city’s economy. The city has a population of more than 5.5 million and is credited for its architecture, gardens and parks. It is one of the fastest growing cities in India with improved systems of portable water and electricity.

8. Pune


A GDP of $48 billion is contributed by Pune. Though the city is famous for its educational facilities, the city has developed its manufacturing, glass, sugar and forging industries. Other well-known industries in the city are the automotive and information technology sectors. The city house automotive companies like Tata Motors, Mercedes Benz, Mahindra & Mahindra,  Force Motors (Firodia-Group), Kinetic Motors to automotive component manufacturers like Saint-Gobain Sekurit, TATA Autocomp Systems Limited, Robert Bosch GmbH, ZF Friedrichshafen AG, Visteon, and Continental Corporation. Pune has been the single largest hub for German companies for the last 60 years, according to the Indo-German Chamber of Commerce. With a population of around 4 million, the city is very famous and serious about its cultural activities.

9. Surat


The diamond city of India, Surat contributes a GDP of $40 billion. The well developed city is the textile capital of the country. 92 percent of the world's diamonds are cut and polished in Surat. Diamond studded gold jewelry and real estate is the new emerging businesses in the city. Major industries contributing to the economy are manufacturing of steel, petrochemical and jari. Other than having the highest number of embroidery machines in the country, 40 percent of India’s art silk is manufactured in Surat. The city has a population of more than 4.6 million. Surat’s infrastructure comprise of a computerized water distribution system and computerized drainage system.

10. Visakhapatnam


The industrial city contributes a GDP of $26 billion. Home to several state owned heavy industries and a steel plants, Visakhapatnam’s population is around 1 million. The city is a hub for iron ore and other minerals which are exported to China and other countries. The city also has various international technologies and banking firms as well. Apart from accommodating various international information technologies and banking firms, the city is a hub for iron ore and other minerals which are exported to China and other countries. The fishing and real estate industry has seen a tremendous growth. With a population of over 1 million, the city is appreciated for its natural beauty.

11. Jaipur


The Pink City of India, Jaipur contributes a GDP of $24 billion. Giving equal importance to both traditional and modern industries, the city is a large exporter of stone, gold and diamond jewellery in Asia. Jaipur soon will turn into a hub for modern business development in coming times and slowly emerging out as one of the main global outsourcing cities. With over 3.1 million population, it is also called the Paris of India due to its remarkable architecture with pre-modern infrastructure.

12. Lucknow


Lucknow has contributed a GDP of $22 billion. The important industries supporting the city’s financial system are aerospace, pharmaceuticals, technology, design and tourism. The backbone of the company includes information technology, manufacturing and processing. The handicraft sector here accounts for the 60 percent of total exports of the state. Having a population of around 2.5 million, it is called multi-cultural city. The city has great influence of various emperors and the city portrays its natural charm.


13. Nagpur


Nagpur contributes a GDP of $15.1 billion. Oranges cultivated in the city are the major source of trade in the city. When it come to finance, banking sector and food manufacturing sectors are very important. It is also thought of as a major commercial and political center of Maharashtra. When it comes to national level scientific and governmental establishments, Nagpur is the headquarters for it. It is also the home of National Academy of Direct Taxes. Wih a population of 2.5 million, Nagpur is recorded as the third largest city of Maharashtra. The city is administered by Nagpur Municipal Corporation and plays a host to cultural events throughout the year.

14. Indore


Indore, the largest city of Madhya Pradesh, has contributed a GDP of $14 billion. Some of the major industrial sectors of the city are pharmaceutical, automobile, textile trading, software, retail and real estate. A number of IT sectors also present in the city. The city has a population of around 2.3 million. It is the only city which has both an Indian Institute of Management and an Indian Institute of Technology. Indore’s local transport system includes buses and radio taxis. However, the metro taxi service of Indore is supposed to be best in India. It includes the Government run Maruti Suzuki SX4 Cars, which are GPS enabled and air conditioned.

15. Patna


Patna has the highest GDP of $10.5 billion in Bihar. The city has seen a continued with its economic growth and agriculture is the spine of the economy. Being an important centre for trade, city’s active exports include grains, sugarcane and sesame. The city is an important center for trade and its most active exports includes grains, sugarcane and sesame. Patna has one of the fastest moving consumer goods industry and service industry, along with green revolution businesses, With a population over 1.6 million, tourists visit the city accounted for 41 percent of the total for Bihar, the cultural heritage of Patna has attracted many tourists into the city.