India’s 10 Best Cities For Business and Startups
India has improved its position in being a business-friendly country since 2014. As of 2019, it has come up five notches. It now ranks at the 63rd position amongst the list of 190 countries and the credit apparently goes to implementing the Insolvency and Bankruptcy Code and Goods & Service Tax.
There are some other factors too that make India a more viable market to do business in. Development in infrastructure, science & technology, innovation, specialisation in services with a skilled, English-speaking and inexpensive labour force give India an advantage.
Now, lets look at the top 10 cities in India that are good to do business in:
Mumbai: This is one city where starting a business would provide access to finance, a talented workforce & already developed infrastructure.
Pune: Its close proximity to Mumbai makes it an ideal place to explore for business. Since the real estate cost in Pune is not high, businesses can use such low-cost real estates. Pune has excellent road connectivity, which connects to major cities like Bangalore, Mumbai, Goa, and Hyderabad. Pune International Airport located in Lohegaon approx. 10 KM from Pune city.
Bangalore: India’s third largest populated country, look at Bangalore as India’s top Information Technology (IT) exporter contributing 1/3rd of total software exports. It is therefore an ideal market to start businesses as its home to some of the best startups like Urban Ladder and Zoom Car.
Delhi: The capital city, mass media coverage, government offices for clearance are beneficial for conducting business in Delhi, making it one of the top cities to do business in India.
Hyderabad: Before Bangalore, it was Hyderabad that was a leading city for doing IT business. Look at this city for talented workforce, capital, as well as support from the government to establish and grow. Institutions like the Indian Institute of Technology Hyderabad, Tata Institute of Fundamental Research, NMIMS are the notable institutions in Hyderabad that provide the unique opportunity to acquire local talents.
Chennai: Chennai is emerging as the country’s largest car manufacturing along with components. The integrated coach of Indian railways is also manufactured in Chennai.
Kolkatta: Kolkata is considered Gamma city. The recent development in industrialization has been the reason that made it to this list. It is considered as commercial as well as financial of East India.
Indore: Considered an extremely disciplined and clean city, Indore is good for setting up manufacturing business.
Ahmedabad: Its recent development of infrastructure, has seen it as an emerging city for doing business. It is also rich in provision of manpower.
Nagpur: Look at it for synthetic yarn. Also, it is a city to look at as a Commercial, political and financial centre for the Vidarbhas section of Maharashtra.