India is the fifth-largest economy by nominal GDP, ruling in numerous sectors, such as the Chemical industry, IT sector, pharmaceutical, and many more. You can even say one of the fastest-growing economies in the world today is India.
But the question here arises: what are the Richest cities in India in 2023? Do you have any clue which cities we are talking about? No? Well, the blog is for you. Here, we will mention cities, including their GDP (Gross Domestic Product). Check it out-
Mumbai
Mumbai, also known as the City of Dream and India's Economic Powerhouse, contributes the highest GDP of $209 billion. The City of Mumbai is also responsible for around 25% of industrial output and approx 70% of maritime trade in India.
From textiles to petrochemicals, Mumbai City proves that it can operate in numerous sectors. Even though many companies' headquarters are in Mumbai. You will also see a bunch of financial institutions, such as the Reserve Bank of India, Bombay Stock Exchange, etc.
GDP: $310 Billion
Delhi
The second city we will talk about is Delhi, which is renowned for its fastest-growing retail industries. Numerous integral sectors run here, like telecommunications, health and community services, construction, power, and the list goes on.
Delhi is on the list of Richest cities in India 2023. Do you know the biggest commercial centre in South Asia? It is none other than Delhi. Their transport systems include buses, auto rickshaws, and metro rail.
GDP: $293.6Billions
Kolkata
After Mumbai and Delhi, the third city that has a major contribution to Gross Domestic Product is Kolkata. The city, like Kolkata, houses multiple industrial units and steel, mining, cement, agriculture, textiles, and much more. All these major sectors are the reason behind the economic boost this year.
GDP: $150 Billion
Bangalore
Have you heard about Garden City of India? Bangalore is popular for this name. So many information technology companies are set up there.
Those who are interested in joining great IT companies must come to Bangalore first because it's a hub for this sector. Companies like Wipro and Infosys are in this city. Bangalore is also popular in the biotechnology sector.
GDP: $150 Billion
Hyderabad
Hyderabad, the capital of Andhra Pradesh, is also on this list of the richest cities. Here, plenty of sectors run, and they give their best in economic growth.
We are talking about sectors like Information technology, pharmaceuticals, biotechnology industries, etc. The city also has a large informal economy. And the benefit is it employs 30% of the Labor force.
GDP: $110 Billion
Conclusion
We have uncovered a list of the 5 Richest cities in India 2023, including their updated GDP rate. You can drop more cities of India in the comment section if you know other cities that are making a great contribution to economic growth.
