During the financial year 2023, the real gross domestic district product of the Indian megacity of Mumbai was *** trillion Indian rupees, an increase from the previous financial year. The district domestic product is a key measure of the performance of a district. It is one of the main parameters of regional imbalances in India.

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.

The statistic shows the growth rate for per capita GDP for the largest megacities worldwide between 2014 and 2016. During these years, per capita GDP grew by *** percent in Mumbai, India.

The estimated per capita income across the western state of Maharashtra in India stood at around *** thousand Indian rupees in the financial year 2024. There was a significant increase in the income per capita in the state since the financial year 2012. Sikkim recorded the highest per capita income in the country.

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.

Inflation Rate in India decreased to 2.82 percent in May from 3.16 percent in April of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

In financial year 2024, ******************was to remain the biggest importer of India’s IT software and services industry, with an export revenue share of ***percent. With a much smaller share of ***percent, the United Kingdom maintained its second position. Economics of the IT-BPM market The Indian information technology/business process management (IT-BPM) industry is one of the largest growing industries in the Global South. The IT and BPM industry, through business and technical expertise, deals in computer programming activities, computer service activities, and IT services such as cloud services and network security. Out of all Indian economic sectors, close to 50 percent of India’s GDP was generated by the service sector, which comprises IT services and telecommunication. In 2024, the amount of spending in the information technology sector was estimated to around 144 billion U.S. dollars, including various segments such as communication services, devices, data center systems, and software. Overview of Tata Consultancy Services (TCS) Tata Consultancy Services (TCS), headquartered in Mumbai, is one of the oldest IT companies, which is known for business solutions and IT services. TCS, a subsidiary of Tata Group, is an Indian multinational information and technology company. In May 2025, based on net sales of IT services and consulting companies in India, with about *****trillion Indian rupees, TCS was the leading information technology services and consulting company. The multinational company functions across 46 countries and recorded over 600,000 employees.

Reliance Industries Limited had a net worth of over *** trillion Indian rupees in financial year 2024. The company's worth had grown exponentially over the years from financial year 2014. Reliance Industries is a multinational Indian conglomerate company which is headquartered in Mumbai. The man behind the business - Dhirubhai Ambani Dhirubhai Ambani started his career as a clerk at A. Besse and Company where he learnt about trading, accounting and other business skills. With that knowledge, Ambani began a trading business with commodities under the name Reliance Commercial Corporation. The business saw a rapid growth owing to high quality products and less profit margin than his competitors. After attaining the desired success in his trading business, Ambani started his first Reliance textile mill in 1966 through an idea with backward integration. And the rest, as they say, is history Gradually, he molded Reliance into a petrochemicals behemoth and kept adding new segments of businesses including plastics, power generation, retail, and telecommunications through a policy of backward integration and diversification. Currently, Reliance Industries is one of the largest privately owned corporation in the country and employs over **** million people. Its biggest earner is the petroleum refining and marketing segment, with other businesses – specifically retail and digital services catching up.