Endless praise has been there for the skyrocketing economic growth with economist putting their confirmation for a very bright future for the country India. Many doesn’t have an idea or don’t know which are the cities which are making their contribution for the nations growth. Which are the cities that are growing at the fastest phase? Find out more below: |
|
1. SURAT :-
Growth Rate: 11.5%Surat is the second largest city of Gujarat with a population of around 4 million. In terms of economic prosperity It is the fastest growing Indian city. Over a past seven years the city has witnessed and registered an annualized GDP growth rate of11.5%, aas per the data compiled b economic research firm Indicus Analytics.Surta is located on thebanks of Tapti River.Surat is |
 |
| famous for the diamond and textile industry.and round about more that 90% of total diamonds of world are polished and cut here.sThese two industries have contributed a huge economic power to IndiaAt times it has been affected by floods, then earthquakes and other shaking push but the city has ridden over it and came out more glittering then before. Flyovers and elevated roads have given a push to the booming textile and diamond industry and to overall growth of the city. The longest flyover claimed to be in India is in Surta at Varachha termed as Varaccha Flyover.Surat has a high job rates, one of the highest per capita income in small business and low unemployment rate is the best choice destinations for business and jobs. It’s been often said if you can’t make money in Surat then you can’t make it anywhere else. |
|
|
2. BANGALORE :-
Growth rate: 10.3% Once know as the Pensioners' Paradise, Bangalore has grown more than 8-fold today and a study reveals that it is the most crowded and populous city in India. Bangalore has a population of about 6.5 million and the average household annual income of Rs 1 million or more. It was time when the city was famous for Gardens and easy enjoying lifestyle melody. But the two power change it course the |
 |
IT industry and the real estate price.Bangalore is often referred as Silicon Valley of India due to being the leading contributor to India's IT industry, with Software majors Infosys and Wipro having their head-quarters in the city.Very large force in employed to MNCs, Indian firms dealing or catering to MNCs are key player along with large corporate that multinational companies. Though the city infrastructure was unable to keep pace with the rapid growth of the city, Bangalore still remains one of India's boom towns in 21st century. |
| |
3. AHMEDABAD :-
Growth rate: 10.1% An important besement of commerce, trade and industry the Ahmedabad region, including Gandhinagar, of Gujarat is the largest inland industrial centre in western India. With a population of around 5.6 million Ahmedabad has under its shelves great prosperity tag due to proximity to Surat and access to the vicinity of Gujarat.is the largest inland industrial centre in western India. With a population of |
 |
around 5.6 million Ahmedabad has under its shelves great prosperity tag due to proximity to Surat and access to the vicinity of Gujarat. Once city was dotted by bungalows and dusty roads but now Ahmedabad is witnessing a sea change in construction, with rises in IT and scientific industries.Pharmaceutical and chemical industry also adds to the state economic growth. Zydus Cadila and Torrent Pharmaceuticals the two biggest pharmaceutical companies of India is based in Ahmedabad. Ahmedabad also has the corporate headquarter of few industries and among them are Nirma group of industries and Adani group. Of late, many foreign companies have set up their units here. Among them, Bosch Rexroth of Germany, Stork and Rollepaal of Netherlands deserve special mention. |
|
4. MUMBAI :-
Growth rate: 8.5% One of the world's top ten trade centers, the commercial capital of India which contributes 25% of industrial output and 70 per cent of capital transactions to India'economy. The city population is around 1% of total population of India with per capita income also being more than 3 times that of India.Mumbai accounts forabout to12-14% of India's income tax |
 |
| collections and more than 35% of the corporate tax collections in the country. Many important and significant financial institutions were a hub here like the Reserve Bank of India, Bombay Stock Exchange and the National Stock Exchange of India. Mumbai is the city of entertainment industry as it’s a home to Hindi film industry.Around 50 square kilometers area SEZ (special economic zones) in India is being set up in Navi Mumbai Numerous corporate and multinational companies have their headquarters in the city that attracts migrants from all over India which provide countless employment opportunities and is also famous for its interesting and high standard of living.Transport systems in Mumbai include the suburban railway, BEST buses and people use it for their daily communication for their livelihood. |
| |
5. NEW DELHI :-
Growth rate: 8.4% The capital of India though can't rival Mumbai in terms of contribution to the growth of the Indian economy.
One of northern India's largest financial centres Connaught Place is located in the heart of Delhi.New Delhi is an important commercial centre in South Asia; Delhi has a per capita income of Rs 53,976, which ismore than double the national average. |
 |
| IT, telecommunications, hotels, banking, media and tourism are Delhi's key service industries Manufacturing industry, consumer goods industries have established manufacturing units and headquarters in and around the capital. Construction, power, telecommunications, health and community services, and real estate is a major backbone of Delhi's economy. One of the fastest growing industries in India is the retail industry. Public transport in Delhi consists of buses, auto rickshaws, taxis, suburban railways and metro rail. |
| |
6. HYDERABAD :-
Growth rate: 7.8% Hyderabad, the city of pearls and the financial capital of Andhra PradeshHyderabad has a population of around 7 million. Excise revenues, state tax the city is the biggest contributor to Andhra Pradesh's.The city has many business in its arms like trade, commerce, transport..etc snd lstely IT was once a service city only.Some of the major pharmaceutical companies like |
 |
| Dr Reddy's Laboratories, Matrix Laboratories, Aurobindo Pharma Limited and Vimta Labs are located in Hyderabed. Hyderabad has also made a vast considerable progress in the field of bio-technology through initiatives like Genome Valley and Nanotechnology Park. The Andhra Pradesh government is building a skyscraper business district at Manchirevula, for the advancement of infrastructure in the city. |
| |
7. PUNE :-
Growth rate: 7.4% Located roughly 150 km east of Mumbai, the growth of this major industrial city has become the topic of discussion these days. Starting from automobile majors like Tata Motors, DaimlerChrysler, Pune will soon have in it laps units of global biggies like General Motors, Volkswagen, and Fiat.Engineering goods industries like Bharat Forge Ltd and Cummins Engines Co Ltd, electronic goods companies like |
 |
| Whirlpool, LG, food companies like Frito Lay and Coca Cola are also located in Pune. Of late, Pune's software industry has also grown by and large. IT parks like Rajiv Gandhi IT Park at Hinjewadi, MIDC Software Technology Park at Talawade, Magarpatta Cybercity, Marisoft IT Park at Kalyani Nagar. Maharashtra |