Top 10 Most Developed Cities In India By GDP Contribution in 2023
India is regarded as one of the most developed countries on the planet as well as one of the fastest-growing economies in the world.
India produced a large number of innovative urban communities in the last century. Thus today we are listing Top 10 Most Developed Cities In India with the highest GDP contributions to the country’s economy.
India’s economic capital is Mumbai. Mumbai is India’s most developed metropolis, which comes as no surprise. It houses the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange, and the Mint, among other financial organizations. It generates $209 billion in GDP, or ₹ 1,212,200 crore. Among developed urban settlements, it is ranked 29th in the world.
With a GDP of $167 billion (Rs. 968,600 crore), Delhi is India’s second most developed city. It has a sizable consumer market and a significant level of foreign direct investment. Infrastructure, energy, telecommunications, health and social services, and real estate are among the major industries of Delhi. Among developed urban settlements, it is positioned 37th in the world.
Steel, mining, cement, healthcare, food processing, farming, garments, and jute are just a few of the businesses that call Kolkata home. It is East and North-East India’s most major financial center. Calcutta is home to the Calcutta Stock Exchange (CSE). Kolkata generates $150 billion in GDP, or Rs. 870,000 crores. Kolkata has been recognized as the world’s 42nd most developed city.
Bangalore is the Silicon Valley of India. It is India’s largest IT sector. Many organizations, including Infosys, Wipro, Hindustan Aeronautics Limited, and the Indian Space Research Organization (ISRO), have their headquarters here. Bangalore is referred to as a garden city, and its lovely temperature draws many visitors. Bengaluru generates $78 billion in GDP, or Rs 429,200 crores. It is the world’s 84th most developed city.
Hyderabad is recognized as an educational powerhouse, with 13+ universities and business institutions. It is home to a diverse range of industries, all of which contribute to the city’s growth. Pharmaceuticals and biotechnology are two of Hyderabad’s most important sectors. It is also known as Pearl City since it contains the most special economic zones (SEZ). Genome Valley and other technological parks are well-known in Hyderabad. It employs more than a third of India’s workforce. It contributes $74 billion (Rs. 429,200 crore) to the global economy. It is the world’s 84th most developed city and India’s 5th most developed city.
Chennai is a major exporter of information technology and business process outsourcing services. The automotive industry accounts for the majority of Chennai’s economy. Technology, computers, the health-care industry, hardware production, textiles, garment and footwear manufacturing are all key industries. It is known as the “City of Flyovers” since it has the most of them. With a GDP of $66 billion (Rs. 382,800 crore), it is one of India’s fastest-growing economies. It is ranked 93rd on the list of the world’s most developed cities based on GDP.
Many more enterprises, such as Nirma and Adani Group, have their headquarters in this city. Textile and garment manufacturing, automotive manufacturing, architecture, gardens, and parks are all key sectors in Ahmedabad. Ahmedabad has upgraded its portable water and energy systems. The city’s gross domestic product (GDP) is $52 billion, or Rs. 301,600 crore. It is ranked as the world’s 105th most developed city.
Automobile companies such as Tata Motors, Mercedes-Benz, Mahindra & Mahindra, Force Motors (Firodia-Group), Kinetic Motors, and automotive component companies such as Saint-Gobain Sekurit, TATA Autocomp Systems Limited, Robert Bosch GmbH, ZF Friedrichshafen AG, Visteon, and Continental Corporation are all based in Pune. For the past 60 years, it has served as a centralized point for German businesses. Education institutions, manufacturing, glass, sugar, and forging industries are some of the other popular industries in this city. Pune generates $48 billion in GDP, or Rs 278,400 crores. It is recognized as the world’s 108th most developed city.
Surat is a well-known city in the textiles sector. Surat is also renowned as India’s diamond capital, as it produces 92 percent of the world’s diamonds. Steel, petrochemicals, and jari are among the businesses that contribute to Surat’s economy. Surat has recently been known for its diamond-studded golden jewelry & real estate. Surat manufactures 40% of India’s artistic talent. In addition, the city is home to India’s largest number of embroidering machines. It is the 115th most developed city in the world, and India’s 9th most developed city. Surat has a gross domestic product (GDP) of $40 billion, or Rs. 232,000 crore.
Visakhapatnam is an industrial city with a number of state govt-owned heavy industries and steel mills. It serves as a crossroads for resources such as iron ore, which are sold to a variety of countries. It is also home to a number of global banking institutions and technology companies. It also has a thriving fishery and real estate economy that continues to expand. Visakhapatnam is a city with a lot of natural beauty. It generates $26 billion in GDP, or Rs. 150,800 crore. It has been given the 133rd position in the list of the world’s most developed cities.