Richest City in India in 2024 | Top 10 Richest Cities

Richest City in India (2024): Mumbai, considered as India’s capital for finance and commerce is the richest city in India in 2024. India, a land of diverse culture and traditions consists of more than 500+ cities in the nation. Each city represents its unique wealth and prosperity to mark the significant growth. Starting from their formation, each city holds its separate story of success and growth.

In this article, we’ll uncover the richest city in India including all the factors which has helped them in prospering their wealth and name at the top of the list.

Mumbai – Richest City in India

As mentioned, Mumbai is known as the “Finance Capital of India” where all the financial institutions and multinational companies reside. This become one of the major reasons why it is considered the richest city in India. The Indian Stock Market is also managed by the organization namely, “Bombay Stock Exchange (BSE)” and it’s located there only.

Mumbai holds a world-class infrastructure, presence of notable industries, and celebrity houses, which makes it a very prosperous city.

In terms of economic aspect, India has an INR 172,000 average national per capita income, whereas Mumbai itself has an average per capita income of INR 2,27,793, which crosses the national limit by a significant difference. And this city contributes around 6.16% to the country’s total GDP.

Important Fact: Every year, Mumbaikars spend around Rs 100 Crores just in the celebration of Ganesh Chaturthi.

Top 10 Richest Cities in India – 2024

Here is the list of 10 richest cities in India for the year 2024 which signifies their potential growth and support in the nation’s GDP:

S. No.	City	Population	GDP
1	Mumbai	21,673,000	USD 310 Billion
2	Delhi	33,807,000	USD 293.6 Billion
3	Kolkata	15,571,000	USD 150 Billion
4	Bengaluru	14,008,000	USD 110 Billion
5	Chennai	11,933,000	USD 78.6 Billion
6	Hyderabad	11,068,877	USD 75 Billion
7	Pune	7,166,374	USD 69 Billion
8	Ahmedabad	8,854,000	USD 68 Billion
9	Surat	8,930,000	USD 59.8 Billion
10	Vishakhapatnam	2,385,000	USD 48.5 Billion

1. Mumbai

With an overall GDP of USD 310 Billion, Mumbai stands at the top of the list of Richest City in India in 2024. It showcases various monuments and extra-ordinary housing societies such as Gateway of India, Marine Drive, The Taj Hotel, the residence of Ambani’s (Antilia), etc.

The city has both Bombay Stock Exchange and National Stock Exchange to flourish the stock market with stocks, and contributes around 6.16% to the India’s total GDP. Due to the advancement, this city offers various jobs in different sectors like cinema, finance, information technology, etc.

2. Delhi

The capital of India, New Delhi stands second in the list of Richest City in India with an overall GDP of USD $293.6 Billion. It contributes around 4.94% to the India’s GDP and offers a great income through the list of iconic historical monuments such as Red Fort, Qutub Minar, Lutyen’s Gardens, etc.

This city offers a great living space and style to all the people with a list of job opportunities in sectors like retail market, tourism, and information technology.

3. Kolkata

The capital of West Bengal and “Cultural Capital of India”, Kolkata has an overall GDP of USD 150 Billion and contributes around 1.05% to the nation’s GDP. This city has a list of beautiful landmarks such as Victoria Memorial, Howrah Bridge, Dum Dum Airport, etc.

Due to extensive demand of jute, textiles, and tea in the market, Kolkata offers a bulk of opportunities for everyone in these industries.

4. Bengaluru

The IT Capital of India, Bangalore has a total GDP of USD 110 Billion and contributes around 1.87% to the national economy of India. This vibrant technological city consists of various skilled professionals and founders of the start-ups. Bengaluru’s pleasant climate and cloudy weather attracts every individual to live peacefully there.

5. Chennai

The capital of Tamil Nadu, Chennai has a total GDP of USD 78.6 Billion which contributes around 1.12% to the Indian Economy. In terms of cultural and traditional heritage, Chennai showcases some of the oldest beautiful temples, and traditional music and dance styles.

As everyone is well-known with the South Indian dishes such as Idli, Dosa, Uttapam, etc., Chennai holds a special authority in its preparation with quality. As an important centre for tourists, it offers multiple job opportunities in sectors like automotive, information technology, tourism, and healthcare.

6. Hyderabad

Hyderabad stands on sixth position in terms of richest city in India, and has a total GDP of USD 75 Billion. This city contributes around 1.24% to the India’s GDP and established themselves as a core center for technology, biotechnology, and pharmaceutical companies.

Various monuments are built in historic times, which is a major source of attraction for tourists such as Charminar and the Golconda Fort. It also showcases their daily lifestyle and culture they follow in all festivals and occassions.

7. Pune

Known for prestigious educational institutions and multi-national companies, Pune holds the total GDP of USD 69 Billion, which contributes around 0.81% to the Indian Economy. For all the freshers, Pune stands as a great support to hire professionals with and without experience.

There are multiple skills centers made by the Maharashtrian Government to ensure the skills in their individuals, and that makes the economy very adjustable. Multiple five-star hotels and restaurants are there for serving top quality food to everyone.

8. Ahmedabad

The largest city and Capital of Gujarat, Ahmedabad has a total GDP of USD 68 Billion and contributes around 0.79% to the India’s GDP. This city is considered as a center for textile and chemical industries, which offers multiple job opportunities at different levels.

Being related to the Father of Nation, “Mahatma Gandhi”, this city exhibits some of the top-class architectural sites like Sabarmati Ashram, and Dandi March Museum.

9. Surat

Diamond City of India, Surat has a total GDP of USD 59.8 Billion and contributes around 0.68% to the Indian Economy. With its flourishing textile and diamond industry, Surat offers a range of job opportunities for all the individuals in multiple sectors such as transportation, textile, ornamental, etc.

Because of its sophisticated lifestyle, there is more importance given to the business lifestyle and being promoted within the mind of individuals too. This help in making a small startup to a good scaling business.

10. Visakhapatnam

Visakhapatnam is considered as the industrial hub for different sectors such as steel, petroleum, and information technology. It has a total GDP of USD 48.5 Billion and supports the Indian Economy with the contribution of 0.44%. Being a coastal region, it consists of multiple well-known beaches, such as Rama Krishna Beach and Rushikonda Beach.

Conclusion

The list of 10 richest cities in India in the year 2024 exhibits all cities extraordinary economic growth and diverse opportunities. Mumbai, the richest city in India itself contributes around 6.16% to the India’s GDP, followed by Delhi, Bengaluru, Kolkata, etc.

Each city has their own potential to transform the economy and per capita income of their own city and nation’s too. With the help of their geographical presence, many cities attracts a million of tourist visitors every month, which makes a significant amount of money as well.

FAQs – Richest City in India in 2024

What are the factors essential for measuring richest city in India?

There are multiple factors important in measuring richest cities in India such as GDP (Gross Domestic Product), per capita income, infrastructure, quality of life, etc.

Which is the richest city in India in 2024?

Mumbai, the Financial Capital of India stood first in terms of richest city in India and has a total GDP of worth USD 310 Billion which contributes around 6.16% to the Indian GDP.

Which city has the maximum number of billionaires in India?

With the number of 129 self-made billionaires, Bangalore stand on top of the list. Whereas Mumbai is on second position with 78 billionaires.

Which is the poorest city in India?

Dharavi is considered as the poorest city in India with a overall percentage of 80% poor people. It is also known as the largest slum area in the world.

Which city in India has zero poverty rate?

The only district in India, Ernakulam in Kerala is the city with zero poverty rate.