As of 2024, Mumbai had a gross domestic product of *** billion U.S. dollars, the highest among other major cities in India. It was followed by Delhi with a GDP of around *** billion U.S. dollars. India’s megacities also boast the highest GDP among other cities in the country. What drives the GDP of India’s megacities? Mumbai is the financial capital of the country, and its GDP growth is primarily fueled by the financial services sector, port-based trade, and the Hindi film industry or Bollywood. Delhi in addition to being the political hub hosts a significant services sector. The satellite cities of Noida and Gurugram amplify the city's economic status. The southern cities of Bengaluru and Chennai have emerged as IT and manufacturing hubs respectively. Hyderabad is a significant player in the pharma and IT industries. Lastly, the western city of Ahmedabad, in addition to its strategic location and ports, is powered by the textile, chemicals, and machinery sectors. Does GDP equal to quality of life? Cities propelling economic growth and generating a major share of GDP is a global phenomenon, as in the case of Tokyo, Shanghai, New York, and others. However, the GDP, which measures the market value of all final goods and services produced in a region, does not always translate to a rise in quality of life. Five of India’s megacities featured in the Global Livability Index, with low ranks among global peers. The Index was based on indicators such as healthcare, political stability, environment and culture, infrastructure, and others.

Bangalore's GDP per capita in financial year 2020 amounted to over *** thousand Indian rupees. This was higher than the state average that year. There was a significant difference in the GDP per capita in the state capital's urban district compared to non-urban parts of Bangalore.

This statistic illustrates the change in gross domestic product (GDP) per capita across India from 2014 to 2016, by city. The change in GDP per capita across Surat was approximately *** during the measured time period, which is the same as the change in GDP per capita across Bangalore.

India NAS 1999-2000: Gross District Domestic Product: 1999-2000p: Karnataka: Bangalore Urban data was reported at 376,284.400 INR mn in 2006. This records an increase from the previous number of 352,366.600 INR mn for 2005. India NAS 1999-2000: Gross District Domestic Product: 1999-2000p: Karnataka: Bangalore Urban data is updated yearly, averaging 277,686.600 INR mn from Mar 2000 (Median) to 2006, with 7 observations. The data reached an all-time high of 376,284.400 INR mn in 2006 and a record low of 204,901.200 INR mn in 2001. India NAS 1999-2000: Gross District Domestic Product: 1999-2000p: Karnataka: Bangalore Urban data remains active status in CEIC and is reported by Planning Commission. The data is categorized under India Premium Database’s National Accounts – Table IN.AN002: Gross District Domestic Product: Constant Price. Rebased from 1999-2000 base to 2004-2005 base. Replacement series ID: 352438597

Bangalore's gross district domestic product in financial year 2020 amounted to over ** million Indian rupees - half of the entire state of Karnataka's that year. The largest share of the capital city's GDP came from the urban district in the measured time period.

In financial year 2024, the per capita Net District Domestic Product (NDDP) of Bengaluru Urban district of Karnataka was approximately *** thousand Indian rupees. Dakshina Kannada district ranked second during the same time period with about *** thousand rupees.

This statistic illustrates the growth rate in gross domestic product (GDP) per capita across India from 2014 to 2016, by city. The growth rate in GDP per capita of Hyderabad was around *** percent during the measured time period, while the growth rate in GDP per capita of Bangalore was about *** percent.

In 2022, ****** was home to the highest number of millionaires, followed by India’s capital New Delhi, and the IT capital - Bengaluru. This comes as no surprise since all three cities have the largest share of high net worth households along with a booming economic outlook. Overall, India had around *** billionaires as of March 2023, and ranked third globally in terms of its ultra-net-worth individuals. A growing wealth gap Despite this, India also has a very high wealth inequality with millions of people living below the poverty line. In fact, according to the last census, the state of Maharashtra (with Mumbai as its capital city) had the highest number of slums across the country with over *** million households. Furthermore, according to a 2015 study on the geography of the super-rich, Bangalore was ranked first in terms of the inequality between its rich and poor, with the wealth of the city’s billionaires being ******* times that of the average per capita GDP in the city. Mumbai came second in this listing, while Delhi was ranked fifth. It's a rich man's world As of 2018, the richest ** percent of Indians owned **** percent of the country’s wealth. The Indian economy was also seen to be one of the fastest growing economies across the world. This indicates the level of unequal distribution of wealth in the country. This is a matter of grave concern and has several implications in terms of the country’s development and progress.

Tech Mahindra Limited, a subsidiary of Mahindra Group, had over *** thousand employees in the fiscal year 2023. The Indian technological giant had *** offices spread across more than ** countries including India, Europe, Australia, and Africa, the company showed a strong international presence.

World’s largest IT-BPM destination

 By offering a wide range of technological services, India’s IT-BPM sector has continued to attract new customer segments. The ability of the industry to deliver enterprising solutions is the distinguishable feature that has helped it transform from technology providers to strategic business partners all over the world. The sector contributed as much as over seven percent to India’s GDP during the fiscal year 2023. With the cost-effective selling proposition, the Indian IT industry has been more inclined towards export services. Consequently, the sector held an export market size of over *** billion U.S. dollars compared to a ** billion dollar domestic market in the financial year 2021.

IT - A job creating machine

The IT-BPM sector had employed over *** million people directly. As a consequence of this demand, India has transformed into a technological hub housing various tech cities like Bangalore, Hyderabad, and Chennai. According to a survey, Bengaluru, the Silicon Valley of India, was the leading work destination of the majority of IT professionals across India in 2020.