Top 10 Wealthiest Cities in India

{Update: The following rankings are based on consensus done in 2001, and have been correctly pointed out to us by one of our readers D7Y. We will be judicious to provide readers with latest data going forward.}

Any Guesses?

I hear most of you saying it is undoubtedly the financial Capital of India – Mumbai.

But you are wrong, that is not the right answer. I was also quite surprised when I read it, but immediately sense prevailed

Chandigarh is actually the wealthiest City in India

(source)

Dont be surprised, that is actually true. Although Mumbai has the largest quantum of money, it is also the most populace city with majority of them living below poverty line. Mumbai may probably have as many beggars compared to rest of India put together (this is just a guess I am making without any factual backing up of information)

Wealth of a city can actually be calculated based on wealth per capita (total wealth divided by total number of people). A more standard term for comparing wealth between countries is PPP (Purchasing Power Parity)

So from that perspective, Chandigarh seems to more average wealth per person than any other city.

I hope that puts to rest the question of why Mumbai is NOT the wealthiest cities.

Here are the Top 10 Wealthiest Cities in India

1. Chandigarh
2. Panaji
3. Delhi
4. Valparai
5. Greater Mumbai
6. Pune
7. Ludhiana
8. Chennai
9. Shimla
10. Jalandhar

Surprisingly, no Bangalore or Hyderabad feature in the list, while it is dominated by “B” cities like Chandigarh, Valparai, Ludhiana, Shimla and Jalandhar.

This just goes to show that there is more wealth in Towns than in the cities !

I am happy, Pune features in the list :)

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Author: Arun Prabhudesai

Arun Prabhudesai is founder / chief editor at trak.in. He jumped the Entrepreneurship bandwagon in early 2008 after a long 13 year stint in I.T Industry. You can follow him on twitter @trakin or get in touch with him at admin-at-trak-dot-in or 91.9822575676.

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