What's new

India Developing, but still a long way to go

.
Kochi Metro

20170630_164119.jpg
 
. .
Richest Cities Of India

Mumbai is India's richest city with $820 bn; home to 46,000 millionaires

India's financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report.

According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively.

Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of $450 billion, while Bengaluru with a total wealth of $320 billion houses 7,700 millionaires and eight billionaires.

The list also includes Hyderabad with a total wealth of $310 billion. Hyderabad is home to 9,000 millionaires and six billionaires.

Kolkata, which is home to 9,600 millionaires and four billionaires, has a total wealth of $290 billion, followed by Pune (which has a total wealth of $180 billion, with 4,500 millionaires and five billionaires), Chennai (which has a total wealth of $150 billion, with 6,600 millionaires and four billionaires) and Gurgaon (which has a total wealth of $110 billion, with 4,000 millionaires and two billionaires).

Some of the other emerging cities in terms of total wealth include Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara.

The total wealth held in the country amounts to $6.2 trillion (as of December 2016) and the country is home to 264,000 millionaires and 95 billionaires in total.

"Over the next decade, India is expected to benefit from strong growth in the local financial services, IT, real estate, healthcare and media sectors. In particular, the local hospital services and health insurance sectors are expected to grow strongly. Hyderabad, Pune and Bangalore are expected to lead the pack in terms of wealth growth," the report said.

Millionaires or High Net Worth Individuals refer to individuals with net assets of $1 million or more.

The report also jotted down some of the affluent suburbs in the country. In Mumbai, localities like Bandra, Juhu, Goregaon, Parel, Worli and Palm Beach Road were named as the richest. In Delhi, it was Westend Greens, Dera Mandi, Greater Kailash and Lutyens. In Kolkata, it was Ballygunge and Alipore, while in Chennai, it was Boat Club Road and Poes Garden.


(c) http://www.business-standard.com/ar...me-to-46-000-millionaires-117022600159_1.html

^^^

  • Why $'s ?

A more realistic approach is to multiply the #'s by x10.

The basic building blocks that make up ex-Colonial Indian cities are 10 times cheaper, at least. I'm sure everyone is familiar with PPP values.

Mumbai/Delhi are realistically more like $ 8.2 and $ 4.5 Trillion in PPP terms and that is exactly why they can afford top-notch infrastructure now, something overwhelmingly locally sourced. For eg. the all new mega Delhi/Bombay airports. Rainmakers both, notice they are actually only refurbished and recycled old airports with savings in land costs. Point is that while Indian airports are money spinners while being class acts, there was no money spent on land acquisition ... correct me if wrong I think the British might have built them in the first place. Sure they are now building more airports.

Same with railways. Also expressways, the land was mostly colonial hangover. Not shopping malls though;)

In conclusion, Indian cities are mega rich, are cheap because of inheritance rights and thanks to generations of inappropriate and misrepresentative metropolitan politics, subject to dehumanizing and abusive politicians.

Navi Mumbai, Noida, Chandigarh, Tatanagar, Durgapur, Rourkela, upcoming Amravati are possibly better examples of Indian cities. New, they but tend to be small and in the majority are good enough. No new major Indian city or suburb has turned out to be disastrous despite predictions to the contrary.

Sadly, Karachi, Lahore and Dhaka which were the 3 major jewel like Indian (mythological, anthropological and functional Hindu ) cities didn't even find mention in the article.
 
Last edited:
. . . . . .
Aamir Khan Pranks in Punjab
- Prank in Aamir Khan Style After Makover Faridkot - Full
(c) Youtube
Gurgaon NCR, Delhi
19533941_125479048050159_6272054485967699968_n.jpg

(c) data:image/jpeg;base64,/9j/4AAQSkZJRgABAQAAAQABAAD/2wCEAAk//2Q==

Bombay
19367510_132536127325286_5704744303222325248_n.jpg

(c) photocopyright banjaaraaa

More Mumbai
19425396_1897151657189777_7632003726458224640_n.jpg

(c) photocopyright nishit.jogani[/MEDIA]
 
Last edited:
. .
Richest Cities Of India

Mumbai is India's richest city with $820 bn; home to 46,000 millionaires

India's financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report.

According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively.

Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of $450 billion, while Bengaluru with a total wealth of $320 billion houses 7,700 millionaires and eight billionaires.

The list also includes Hyderabad with a total wealth of $310 billion. Hyderabad is home to 9,000 millionaires and six billionaires.

Kolkata, which is home to 9,600 millionaires and four billionaires, has a total wealth of $290 billion, followed by Pune (which has a total wealth of $180 billion, with 4,500 millionaires and five billionaires), Chennai (which has a total wealth of $150 billion, with 6,600 millionaires and four billionaires) and Gurgaon (which has a total wealth of $110 billion, with 4,000 millionaires and two billionaires).

Some of the other emerging cities in terms of total wealth include Surat, Ahmedabad, Visakhapatnam, Goa, Chandigarh, Jaipur and Vadodara.

The total wealth held in the country amounts to $6.2 trillion (as of December 2016) and the country is home to 264,000 millionaires and 95 billionaires in total.

"Over the next decade, India is expected to benefit from strong growth in the local financial services, IT, real estate, healthcare and media sectors. In particular, the local hospital services and health insurance sectors are expected to grow strongly. Hyderabad, Pune and Bangalore are expected to lead the pack in terms of wealth growth," the report said.

Millionaires or High Net Worth Individuals refer to individuals with net assets of $1 million or more.

The report also jotted down some of the affluent suburbs in the country. In Mumbai, localities like Bandra, Juhu, Goregaon, Parel, Worli and Palm Beach Road were named as the richest. In Delhi, it was Westend Greens, Dera Mandi, Greater Kailash and Lutyens. In Kolkata, it was Ballygunge and Alipore, while in Chennai, it was Boat Club Road and Poes Garden.


(c) http://www.business-standard.com/ar...me-to-46-000-millionaires-117022600159_1.html

^^^

  • Why $'s ?

A more realistic approach is to multiply the #'s by x10.

The basic building blocks that make up ex-Colonial Indian cities are 10 times cheaper, at least. I'm sure everyone is familiar with PPP values.

Mumbai/Delhi are realistically more like $ 8.2 and $ 4.5 Trillion in PPP terms and that is exactly why they can afford top-notch infrastructure now, something overwhelmingly locally sourced. For eg. the all new mega Delhi/Bombay airports. Rainmakers both, notice they are actually only refurbished and recycled old airports with savings in land costs. Point is that while Indian airports are money spinners while being class acts, there was no money spent on land acquisition ... correct me if wrong I think the British might have built them in the first place. Sure they are now building more airports.

Same with railways. Also expressways, the land was mostly colonial hangover. Not shopping malls though;)

In conclusion, Indian cities are mega rich, are cheap because of inheritance rights and thanks to generations of inappropriate and misrepresentative metropolitan politics, subject to dehumanizing and abusive politicians.

Navi Mumbai, Noida, Chandigarh, Tatanagar, Durgapur, Rourkela, upcoming Amravati are possibly better examples of Indian cities. New, they but tend to be small and in the majority are good enough. No new major Indian city or suburb has turned out to be disastrous despite predictions to the contrary.

Sadly, Karachi, Lahore and Dhaka which were the 3 major jewel like Indian (mythological, anthropological and functional Hindu ) cities didn't even find mention in the article.
Surat has highest per capita income in India.
 
.
Ashok is like an annoying teenage girl, constantly looking for attention. I wouldn't bother with him if I were you; it's a waste of your time and energy.
Girl may seek attention but this is a typical psycho case of a third rate selfestimeless felloe who always want to prove. His wrong born and bought and his zihadi mindset has coupled with it to make him a total gone case.
 
. .
.

Pakistan Affairs Latest Posts

Country Latest Posts

Back
Top Bottom