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.

India NAS 1999-2000: Gross District Domestic Product: Andhra Pradesh: Hyderabad data was reported at 252,718.300 INR mn in 2008. This records an increase from the previous number of 217,092.100 INR mn for 2007. India NAS 1999-2000: Gross District Domestic Product: Andhra Pradesh: Hyderabad data is updated yearly, averaging 145,421.700 INR mn from Mar 2000 (Median) to 2008, with 9 observations. The data reached an all-time high of 252,718.300 INR mn in 2008 and a record low of 92,134.000 INR mn in 2000. India NAS 1999-2000: Gross District Domestic Product: Andhra Pradesh: Hyderabad 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.AN001: Gross District Domestic Product: Current Price.

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

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.

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.