Indian Economy News

Mumbai richest Indian city with total wealth of US$ 820 billion: report

  • IBEF
  • February 27, 2017

New Delhi: Mumbai has become the richest city in India with a combined wealth of US$ 820 billion, followed by Delhi and Bengaluru, with wealth worth US$ 450 billion and US$ 320 billion respectively, according to a report by New World Wealth. Mumbai is home to 46,000 millionaires and 28 billionaires, while Delhi is home to 23,000 millionaires and 18 billionaires, and Bengaluru has 7,700 millionaires, eight billionaires. The list also includes Hyderabad (total wealth of US$ 310 billion, 9,000 millionaires and six billionaires), Kolkata (total wealth of US$ 290 billion, 9,600 millionaires and four billionaires), Pune (total wealth of US$180 billion, 4,500 millionaires and five billionaires), Chennai (US$ 150 billion, 6,600 millionaires, four billionaires) and Gurgaon (US$ 110 billion, 4,000 millionaires and two billionaires). The report further stated that India is expected to benefit from strong growth in the local financial services, IT, real estate, healthcare and media sectors over the next decade. The hospital services and health insurance sectors are expected to grow strongly, while cities like Hyderabad, Pune and Bangalore are expected to lead the pack in terms of wealth growth.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.