No matter how crudely economists state the fact that the Indian economy is witnessing sluggish movement, there has been a radical increase in the number of wealthy individuals or millionaires in the country. It is seen that in 2012, there were 1.6 percent of rich people by the fall of this year the figure has increased than any other BRICS countries of the world.
India houses most of the prominent businessmen in the world in most of the field. They have a very good stance in the international market. The country has over 103 UHNW with the net worth of $1 billion and prefers to reside in some of the best cities in India.
Below is the list of the top 10 cities in India with the most number of UHNW individuals.
10. Jaipur
Rank: 10
- Wealthy Population In 2013: 165
- Wealthy Population In 2012: 175
The ‘Pink City’ of India or the heritage hub of the country, Jaipur is known to be an extremely popular tourist destination and a city famous for exporting gold, diamond, and stone jewelry.
There were 175 UHNW individuals in 2012 but the figure decreased to 165 in 2013. It was ranked 31st among 50 Emerging Global Outsourcing cities in 2008.
9. Gurgaon
Rank: 9
- Wealthy Population In 2013: 200
- Wealthy Population In 2012: 210
The small village of Gurgaon has emerged as one of the fastest growing cities in India. One of the reasons considered is its proximity to the country’s capital, New Delhi. It has the third highest per capita income in India today.
Gurgaon is home to some of the leading financial and industrial centers in India. It has witnessed a rapid growth in urbanization too.
8. Pune
Rank: 8
- Wealthy Population In 2013: 220
- Wealthy Population In 2012: 215
Pune ranks 2nd in terms of the quality of life lived and are the ninth largest metropolis in India. The city has raised high due to its high educational facilities and relative prosperity. Pune is the cultural capital of Maharashtra is known for its glass, sugar, and forging industries since the 1950-60s. It has seen a wonderful growth in the IT and automotive companies. The cultural activities and job opportunities attract migrants and students from all over India and abroad.
7. Ahmedabad
Rank: 7
- Wealthy Population In 2013: 225
- Wealthy Population In 2012: 225
Ahmedabad has the largest metropolitan area in India. The state homes big shot companies like Zydus Cadila and Torrent Pharmaceuticals with their branches. The Nirma group of industries has its corporate headquarter in this city too.
6. Chennai
Rank: 6
- Wealthy Population In 2013: 385
- Wealthy Population In 2012: 370
Chennai is the fourth most populous metropolitan area in the country and is hub to the automobile, computer, and technology, hardware manufacturing and healthcare sectors of the country. Known as the Cultural Capital of South India, it is the chief commercial, cultural, economic and educational center in the south.
Chennai became the second largest exporter of information technology (IT) and business process outsourcing (BPO) services in 2012. It has the 3rd largest Expatriate population after Mumbai and Delhi.
5. Hyderabad
Rank: 5
- Wealthy Population In 2013: 540
- Wealthy Population In 2012: 535
Hyderabad known as the commercial capital of Andhra Pradesh is also a famous tourist destination. After it was declared as the IT Special Economic Zone (SEZ) by the state agencies, the city could attract global and Indian companies by lots.
The Pearl City also has a lot of IT firms, including Microsoft, Google, IBM, and Yahoo. It is also known as the Pharmaceutical Capital of India owing to the pharmaceutical and biotechnology industries started in 1990s.
4. Kolkata
Rank: 4
- Wealthy Population In 2013: 635
- Wealthy Population In 2012: 640
Kolkata is the fourth best city to make a wonderful living in India. Termed as the city of festivals and joy, it is also the commercial and financial hubs in the North-eastern part of India. Many big companies like ITC Limited, Coal India, and Britannia has put up their head quarters in this city.
3. Bangalore
Rank: 3
- Wealthy Population In 2013: 750
- Wealthy Population In 2012: 720
The Silicon Valley of India, Bangalore houses many Indian and international information technology sectors. It is allotted a position among the top 10 preferred entrepreneurial locations in the world. With a GDP of $83 billion, Bangalore is listed 4th among the top 15 cities contributing to India’s overall GDP.
The city headquarters giant companies like United Breweries Group, Infosys and Wipro. It has highest per capita income with abundant 10,000 dollar millionaires.
2. Delhi
Rank: 2
- Wealthy Population In 2013: 1,980
- Wealthy Population In 2012: 1,945
New Delhi, the Capital city of India has to be in the list. The union territory has a strong potential and holds an impactful place in the sectors like art, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, and research. You will find most of the riches love to reside in this place.
1. Mumbai
Rank: 1
- Wealthy Population In 2013: 2,135
- Wealthy Population In 2012: 2,105
Mumbai, the city where dreams come true, tops the list as most of the wealthy people love to reside in this capital city of Maharashtra. The financial capital contributes the highest to the country’s GDP and tax revenues.
Bombay Stock Exchange and National Stock Exchange, the two biggest stock exchanges in India are located here. Mumbai also headquarters companies like Reliance Industries, Larsen & Toubro, Tata Group and Godrej Group.
Akshay Agarwal
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