Mumbai, playing a crucial role in the country's economic progress, has secured the first position in the list of the top 10 richest cities in India. It is noted that Mumbai's estimated economy has reached approximately 27.80 lakh crore rupees based on the total estimated GDP (Gross Domestic Product) of the cities.
Mumbai is known as the financial capital of the country. The city's economic strength has been further strengthened due to large transactions in banking, finance, stock market, film industry, IT, export-import, and service sectors. Most of the country's financial transactions are concentrated here as the headquarters of major financial institutions like the Bombay Stock Exchange and the National Stock Exchange of India are located in Mumbai. Business centers like Bandra-Kurla Complex (BKC), Nariman Point, and Lower Parel are attracting international companies. Mumbai's economic growth is accelerating due to multinational investments, startup culture, and the growing impact of the digital economy.
After Mumbai, the list includes metropolises like Delhi, Bengaluru, Hyderabad, and Chennai. However, balanced and comprehensive growth in all sectors such as finance, services, and entertainment keeps Mumbai ahead of other cities. Especially due to the film industry and media industry, there is a significant contribution to the city's income. According to experts, the large investments in infrastructure, metro projects, coastal roads, sea bridges, and new commercial complexes will further expand Mumbai's economy in the coming times. Additionally, the increasing rate of fintech and digital transactions is making financial turnover more transparent and dynamic.
Mumbai is not only the center of financial transactions but also a city that provides employment to millions of people. Due to the conducive environment for various industries, service sectors, and entrepreneurship, Mumbai is referred to as the “engine of the country's economy.” Overall, with an estimated GDP of 27.80 lakh crore rupees, Mumbai has earned the distinction of being the richest city in the country. This achievement once again underscores Mumbai's importance in the economic development of the entire country, including Maharashtra.