India's Powerhouse Cities: Driving the Country's Economic Growth
From Chennai to Surat, India's top cities are contributing billions to the country's GDP. Here's a look at some of the most developed cities in India.
Indias EconomyDeveloped CitiesGdp ContributionReal EstateTextile IndustryReal Estate PuneSep 05, 2024
Making it possible will be India’s cities that contribute billions to the economy. For students, professionals and businesses, India’s cities offer significant opportunities for growth.
Chennai – With a flourishing automobile industry and booming IT and BPO sector, Chennai contributes $66 billion to India’s GDP. Chennai has also emerged as a residential hub and a high-growth real estate market. The city excels in textile manufacturing, apparel and footwear as well.
Ahmedabad – The city of Ahmedabad is known for its textile and garment industry. Ahmedabad contributes around $64 billion to India’s economy. Top companies like Adani Group and Nirma have their headquarters in Ahmedabad. The city is also home to large pharmaceutical companies such as Torrent Pharmaceuticals and Zydus Cadila.
Pune – The city of Pune originally developed as a residential hub for retirees. It is also known as an educational hub. GDP contribution is around $48 billion. Pune excels in various sectors such as IT, BPO, automobile, manufacturing and forging industries.
Surat – Known for its booming textile and diamond industry, Surat contributes around $40 billion to India’s GDP. In addition to diamond cutting and polishing, Surat is also emerging as a hub for real estate and diamond-studded gold jewelry.
Visakhapatnam – Known for its large steel plants and heavy industries, Visakhapatnam contributes $26 billion to India’s GDP. Various minerals including iron ore are extracted from nearby areas, which are exported to overseas destinations such as China.
These cities will continue to contribute significantly to India’s GDP in the coming years. It is also important to mention other large developed cities in India that have big contributions to India’s GDP. The list includes Hyderabad with a $74 billion GDP contribution, Bengaluru ($83 billion), Kolkata ($150 billion), Delhi ($167 billion) and Mumbai ($278 billion).
Information
The International Monetary Fund (IMF) is an international organization that aims to promote global economic stability and prosperity.
Adani Group is a multinational conglomerate with interests in energy, resources, logistics and agriculture. Nirma is a leading manufacturer of detergents and other consumer goods.
Frequently Asked Questions
What is India's estimated GDP rank by 2027-28?
India is estimated to become the world’s 3rd largest economy by 2027-28, surpassing Japan and Germany.
Which city is known as the ‘City of Flyovers’?
Chennai is known as the ‘City of Flyovers’, having the highest density of flyovers in the country.
What is Pune's GDP contribution?
Pune's GDP contribution is around $48 billion.
Which city is emerging as a hub for real estate and diamond-studded gold jewelry?
Surat is emerging as a hub for real estate and diamond-studded gold jewelry.
What is Visakhapatnam's GDP contribution?
Visakhapatnam's GDP contribution is around $26 billion.
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