Regions India

Bengaluru, India

Bangalore is the 3rd most populous city in India with a population of 8.4 million in the metropolitan area. Bangalore gained its nickname “Silicon Valley of India” for its role in for leading the revolution of IT outsourcing. Large IT players such as Infosys, Wipro, ISRO, Flipkart, Biocon, and HAL are all headquartered in the city and contribute to 33% of India’s IT exports. It also has a GDP of $83Billion, making it the 4th largest in India, behind Mumbai, Delhi and Kolkata. India is home to 57 Global 2000 companies. They are: Reliance Industries; ONGC; ICICI Bank; TCS; Bharti Airtel; Infosys; Wipro; Tata Steel; Mahindra and Mahindra; HCL and Adani Enterprises just to name a few.

Delhi, India

Delhi is the largest commercial centre in northern India; it has an estimated net State Domestic Product of 1578.17 billion (US$25 billion) in nominal terms and ~ 6300 billion (US$100 billion) in PPP terms. The per capita income of Delhi was Rs.210000, highest in India. GSDP in Delhi at the current prices is estimated at Rs 3.66 lakh crore. As per the Economic survey of Delhi, the tertiary sector contributes 70.95% of Delhi’s gross SDP followed by secondary and primary sectors, with 25.20% and 3.85% contributions respectively. Delhi’s workforce constitutes 32.82% of the population, and has increased by 52.52%. Key service industries are information technology, telecommunications, hotels, banking, media and tourism. Construction, power, health and community services, and real estate are also important to the city’s economy. Delhi has one of India’s largest and fastest growing retail industries. Manufacturing also grew considerably as consumer goods companies established manufacturing units and headquarters in the city. Delhi’s large consumer market and the availability of skilled labour has attracted foreign investment. The manufacturing sector employs 1,440,000 workers and the city had 129,000 industrial units.

Mumbai, India

Mumbai is India’s largest city (by population) and is the financial and commercial capital of the country as it generates 6.16% of the total GDP. It serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India’s foreign trade and 4000 crore (US$640 million) in corporate taxes. Along with the rest of India, Mumbai has witnessed an economic boom since liberalisation. Mumbai’s GDP is 919600 crore (US$150 billion), and its per-capita (PPP) income is 486,000 (US$7,800), which is almost three times the national average. Its nominal per capita income is 125,000 (US$2,000), (US$2,094). Many of India’s numerous conglomerates (including Larsen and Toubro, State Bank of India (SBI), Life Insurance Corporation of India (LIC), Tata Group, Godrej and Reliance), and five of the Fortune Global 500 companies are based in Mumbai. This is facilitated by the presence of the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE), and financial sector regulators such as the Securities and Exchange Board of India (SEBI).