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Mumbai: The Financial Capital of India
Economic Contributions:
- Hosted the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in itself, thus becoming a major financial hub.
- It is home to the headquarters of some of India’s largest conglomerates, such as Reliance Industries, Tata Group, and Aditya Birla Group.
- Bollywood industry has a huge impact on the economy.
- One is a significant trade port responsible for most international imports.
- Mumbai's per capita income is one of the highest in the country, contributing significantly to the country's industries —banking, information technology, entertainment, and real estate.
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Delhi: The Political and Economic Hub
Economic Contributions:
- Home to many multinational corporations, public sector undertakings and start-ups.
- A vibrant real estate market with premium prices in markets such as South and North Delhi or Gurgaon.
- A significant service sector player, from IT and hospitality to tourism.
- Its rich retail and wholesale markets make it a major trading centre.
- Delhi has a high per capita income and thus remains a business destination for many. It has also become an attractive place for professionals.
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Bengaluru: India’s Silicon Valley
Economic Contributions:
- The IT sector contributes over 35% of India's software exports.
- India's fastest-growing major economy in 2018. Hosts global IT players like Wipro, Infosys, and TCS.
- A large centre for aerospace, biotechnology and research facilities.
- In the technology sector, there are high employment opportunities and foreign investments.
- Bengaluru ranks among the richest cities in India, propelled by its rich innovation ecosystem.
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Hyderabad: Tech Capital and City of Pearls
Economic Contributions:
- Tech behemoths like Microsoft, Google and Facebook have set up shop in the IT corridor, aka "HITEC City".
- An industry flourishing in pharmaceuticals which has been characterised as the “Bulk Drug Capital of India.”
- Multi-nation companies were setting up a boom in real estate and office space.
- The gems, jewellery, and tourism sectors are its biggest contributors.
- The city blends old-school shops and new-age industries, making it among the richest in India.
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Chennai: The Detroit of India
Economic Contributions:
- A major automotive manufacturing hub, building vehicles for Hyundai, Ford and BMW.
- A great deal of IT, healthcare, and financial services.
- How cities with major ports boost their export and import businesses.
- Vibrant film and media industry.
- Chennai boasts a diversified economy that enables steady economic growth and prosperity.
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Kolkata: Cultural and Commercial Centre
Economic Contributions:
- One of the financial capitals of Eastern India boasts one of the strongest banking sectors.
- There are jute and steel processing plants here.
- A hub for IT as well as real estate businesses.
- Big public sector undertakings (PSUs), Coal India and ITC.
- Despite its traditional economic base, Kolkata is also growing as a finance and trade centre.
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Pune: The Oxford of the East and IT Hub
Economic Contributions:
- A technology-rich industry whose companies include Infosys and Cognizant.
- A robust presence in the auto sector, including Tata Motors and Bajaj Auto.
- A centre for pharmaceutical and biotech research and development.
- An expanding real estate and start-up scene.
- Pune’s blend of education, industry and IT secures it a spot among India’s richest cities.
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Ahmedabad: The Capital of Business and Textile
Economic Contributions:
- Its domestic textile industry is known as the “Manchester of India.”
- Centre of major corporate houses, like Adani Group and Zydus Cadila.
- In your data, you would make diamond polishing, chemicals, and manufacturing a big contributor.
- India’s first smart finance hub, Gujarat International Finance Tec-City (GIFT City)
- Ahmedabad’s wealth is still driven by its industrial and business growth.
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Surat: Diamond City of India
Economic Contributions:
- The world's most significant diamond cutting and polishing hub.
- One of the largest textile manufacturing hubs, accounting for over 90% of India’s synthetic fabrics.
- An expanding IT and real estate industry.
- Well-developed port infrastructure means strong trade links.
- Surat’s wealth stems from its dominance in textiles and diamonds.
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Jaipur: The Pink City’s Emerging Economy
Economic Contributions:
- Due to its historical importance, it is a successful tourism industry.
- A significant role in gem and jewellery manufacturing.
- An expanding IT sector with multiple tech parks and start-ups.
- A centre for handicrafts, textiles and small-scale industries.
- Jaipur has a varied economy and is an economic pillar of India.
