List of TOP 10 Richest City in India 2024 | India’s Richest City

India is a diverse country, with thousands of cities with different economic growth and development levels, which play a vital role in the nation’s GDP.

Mumbai stands is the richest city in India by GDP. Known as the financial capital of India, it contributes approximately 6.16% to India’s GDP, showcasing its immense economic significance.

In this blog, we will explore the top 10 wealthiest cities in India 2024, which play a significant role in economic growth and development. So, let’s start this blog.

Richest Cities in India List 2024

Ranking	City	Population	GDP (USD)
1	Mumbai	2.16 Cr*	310 Billion
2	Delhi	3.38 Cr*	293.6 Billion
3	Kolkata	1.55 Cr*	150 Billion
4	Bengaluru	1.40 Cr*	110 Billion
5	Chennai	1.19 Cr*	78.6 Billion
6	Hyderabad	1.1 Cr*	75 Billion
7	Pune	71.66 Lakh*	69 Billion
8	Ahmedabad	88.54 Lakh*	68 Billion
9	Surat	89.30 Lakh*	59.8 Billion
10	Vishakhapatnam	23.85 Lakh*	48.5 Billion

1. Mumbai – Richest City of India

Mumbai grabbed the first position among the list of top 10 richest city in India 2024, which is why it is also known as the “financial capital of India.” Mumbai’s GDP is approximately USD 310 billion, making it India’s richest city 2024.

Mumbai is also one of the biggest cities in India by GDP. It is the financial hub of India, home to the Bombay Stock Exchange, Bollywood, and numerous multinational companies.

Mumbai is an important city in India because people come here from different parts of the country for better lifestyles, businesses, work, and education. There are various famous places in Mumbai, like Marine Drive, Gateway of India, Juhu Beach, and more.

Overall, Mumbai’s dynamic and diverse economy makes it one of the wealthiest cities in India. It plays an important role in the country’s economic growth and development, accounting for approximately 6% of its total GDP.

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2. Delhi – India’s Richest City

Delhi is the capital of India and is crucial for its development and economic growth. It is also the second richest city in India 2024, with an estimated GDP of USD 293.6 Billion.

Delhi’s economy is diverse; it comes from different sectors like services, trade, manufacturing, tourism, and information technology. Delhi accounts for 4% of India’s GDP, making it one of the wealthiest cities in India.

Delhi is a major center for trade and commerce. There are various wholesale markets in Delhi, such as Gandhi Nagar, Sadar Bazar, Chandni Chowk, Chawri Bazar, and more, which makes it a key trading hub in North India.

As the capital of India, Delhi attracts a large number of domestic and international tourists. Various tourist places in Delhi play an important part in its GDP, such as the Red Fort, Lotus Temple, Qutub Minar, and more.

Delhi has a robust manufacturing sector that produces electronics, textiles, garments, machinery, and consumer products.

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3. Kolkata – 3rd Richest City in India

Kolkata, also known as the “City of Joy,” is the biggest city in East India and plays a crucial role in the country’s GDP. It is the third richest city in India, with an estimated GDP of USD 150 Billion, and it is an important economic and commercial hub in eastern India.

Kolkata’s economy is very diverse and driven by various sectors such as manufacturing, trade, services, and information technology. Its strategic location and proximity to the Bay of Bengal make it favorable for trade and commerce.

Kolkata has a strong manufacturing sector produces various goods such as textiles, jute products, chemicals, machinery, and steel.

The service sectors, such as finance, banking, insurance, real estate, education, healthcare, and tourism, significantly contribute to Kolkata’s GDP.

4. Bengaluru – India’s Richest City 2024

Bengaluru is ranked 4th among the top 10 richest city in India 2024, with an estimated GDP of USD110 Billion. It is also known as “Silicon Valley of India” and is home to various multinational companies, making it the biggest IT hub in India.

The IT sector plays a significant role in Bangalore’s overall GDP, although the city’s economy is diverse, with substantial contributions from biotechnology, aerospace, manufacturing, and services.

Bangalore is one of the best cities in India to live because of its ample job opportunities, quality education, modern infrastructure, and luxury lifestyle.

Bengaluru is a global IT hub and the leading contributor to India’s IT exports. It has numerous headquarters of many multinational IT companies, Indian tech giants, and countless startups. This sector significantly boosts the city’s GDP and attracts many professionals.

5. Chennai – Wealthiest City in India

Chennai is in fifth place among top 10 richest places in India, with an estimated GDP of USD 78.6 Billion. It is a significant economic and cultural hub in South India and plays a crucial role in the national economy and state GDP.

Chennai, also known as the “Detroit of India,” is a major hub for automobile manufacturing. Numerous automobile and auto component manufacturing plants are located in Chennai, including those of Hyundai, Ford, BMW, and Renault-Nissan. The automotive sector significantly contributes to the city’s GDP and employment.

Chennai’s strategic location makes it an important center for trade and commerce. In addition, Chennai is an emerging IT hub of India.

It hosts several IT Parks, such as TIDEL Park, Ramanujan IT City, and DLF Cybercity, which play a significant role in the GDP.

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6. Hyderabad

Hyderabad is ranked 6th among the top 10 richest city in India 2024, with an estimated GDP of USD 75 Billion. It is one of India’s major economic and cultural centers and contributes significantly to the national economy.

Several sectors, such as information technology (IT), pharmaceuticals, biotechnology, manufacturing, and services, are essential in GDP.

Hyderabad hosts numerous multinational IT companies, Indian IT giants, and startups. IT parks such as HITEC City and Cyberabad consist of offices of tech giants like Microsoft, Google, Amazon, and TCS, which play a significant role in the overall GDP.

This city has a rich cultural heritage, historical landmarks, and Key attractions such as Charminar, Golconda Fort, Hussain Sagar Lake, and Ramoji Film City.

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7. Pune

Pune is the 7th richest city in India by GDP, with an overall GDP of USD 69 Billion. It is an important city in Maharashtra and plays an important role in the state and national economies.

Pune is known as the “Oxford of the East” because of its numerous educational institutions and IT companies. It is an emerging IT hub in India with several IT parks, such as Hinjewadi IT Park, Magarpatta Cybercity, and EON IT Park, which include several IT companies.

Pune is also an automobile manufacturing hub; it hosts the facilities of global automotive giants such as Tata Motors, Bajaj Auto, Volkswagen, Mercedes-Benz, and Fiat.

Overall, Pune’s economy is diverse and driven by various sectors, including IT and manufacturing, which makes it one of the wealthiest cities in India.

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8. Ahmedabad – India’s Richest City

Ahmedabad is a major city in Gujarat and is of significant economic importance to India. Its economy is diverse and driven by textiles, manufacturing, trade, services, and education. It is the 8th wealthiest city in India by GDP, with an overall GDP of USD 68 Billion.

This city is famous as the textile hub of India. Ahmedabad’s textile market is one of the largest in India and plays a significant role in the country’s economy and development. Apart from textiles, it also has a stronghold in the manufacturing sector.

Ahmedabad is a vibrant commercial center with a robust trading community. There are various wholesale markets in Gujarat, like Manek Chowk and Dhalgarwad, which are famous for their bustling trade activities, dealing in textiles, jewelry, spices, and more

9. Surat

Surat is another important city in Gujarat and one of the richest city in India by GDP, with an estimated GDP of USD 59.8 Billion. It is one of the fastest-growing cities and is renowned as a significant economic and industrial hub.

Surat is also known as the “Diamond City of India” because it is globally famous for its diamond polishing and cutting industry. Its strategic location makes it favorable for trade and commerce, particularly in diamonds, textiles, chemicals, and machinery.

Apart from diamonds, Surat is a major hub for textile and apparel manufacturing. It is also famous for its rich cultural heritage, festivals, and tourist places. All these sectors make Surat one of the wealthiest cities in India.

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10. Vishakhapatnam

Vishakhapatnam is ranked 10th among the top 10 richest cities in India, with an overall GDP of USD 48.5 billion. It plays a significant role in the state’s economy and contributes significantly to India’s GDP.

Due to its strategic location, Vishakhapatnam is a major port city and industrial center. It is one of the largest port cities, which handles a diverse range of cargo, including iron ore, coal, crude oil, petroleum products, and fertilizers.

This city has several tourist attractions that contribute to its GDP, such as Rishikonda Beach, Kailasagiri Hill Park, Borra Caves, and the Submarine Museum.

Vishakhapatnam continues growing as a key industrial, commercial, and cultural hub in the eastern coastal region, driving economic growth and development.

Conclusion – India’s Richest City

In conclusion, the list of the richest cities in India 2024 represents all cities’ economic growth, development, and opportunities.

These cities contribute significantly to India’s GDP and play a crucial role in transforming the economy and increasing per capita income.

Mumbai is the richest city in India by GDP, accounting for 6% of the total GDP, followed by Delhi, Kolkata, Bangalore, etc.

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FAQs

Which is the richest city in India?

Mumbai is the richest city in India by GDP.

Which city has most Crorepati in India?

Delhi and Mumbai have the most Crorepati in India.

What is India's wealthiest city?

Mumbai and Delhi are the wealthiest cities in India.