WHICH CITY IS CALLED THE FINANCIAL CAPITAL OF INDIA

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    2022-11-29T13:49:28+05:30

    WHICH CITY IS CALLED THE FINANCIAL CAPITAL OF INDIA

    There are a few cities in India that can lay claim to the title of financial capital. Mumbai, for instance, is home to the Bombay Stock Exchange and is considered the country’s economic powerhouse. But there’s another city that has been making a name for itself in recent years as a hub for finance and business: Pune. Pune has been dubbed the financial capital of India by some, and it’s not hard to see why. The city is home to a number of major banks and financial institutions, as well as a thriving startup scene. And with its proximity to Mumbai, Pune is quickly becoming a prime destination for businesses looking to set up shop in India. So what makes Pune so special? Read on to find out more about this rapidly-growing city and why it’s being called the financial capital of India.

    Mumbai

    Mumbai is the financial capital of India. It is the most populous city in India with an estimated population of 18.4 million. Mumbai is also the wealthiest city in India and has the highest GDP of any city in South, West or Central Asia.

    Mumbai is home to the Bombay Stock Exchange, which is the oldest stock exchange in Asia. The city also has the headquarters of several Indian and multinational companies, as well as numerous banks and financial institutions.

    Delhi

    Delhi is the capital of India and one of its most populous cities. The city is home to a number of financial institutions and businesses, making it the financial capital of India. Delhi is also a major transportation hub, with a large number of airports, railways, and roads connecting it to other parts of the country. The city has a diverse economy, with sectors such as manufacturing, IT, and tourism contributing to its growth.

    Kolkata

    Kolkata, formerly known as Calcutta, is the capital of the Indian state of West Bengal. The city has a population of 4.5 million, and a metropolitan population of 14.1 million, making it the third-most populous city in India and the 13th-most populous city in the world. Kolkata is located on the east bank of the River Hooghly in the Ganges delta, approximately 75 kilometers (47 mi) west of Bangladesh.

    Kolkata served as the capital of India during the British Raj until 1911 when Delhi was declared as the new capital. Kolkata has since been nicknamed “The City of Joy”. The principal language spoken in Kolkata is Bengali; however English is also widely used, particularly in business and education.

    Kolkata is known for its literary, artistic and revolutionary heritage; as well as being home to two Nobel laureates: Rabindranath Tagore and Amartya Sen. The city has several scientific institutions including ISRO’s Vikram Sarabhai Space Centre, Bose Institute, Saha Institute of Nuclear Physics and many more which contribute to India’s achievements in space research and atomic energy respectively. Kolkata also hosts India’s oldest stock exchange – The Bombay Stock Exchange (BSE), which is now called Dalal Street after its address in Mumbai.

    Chennai

    Chennai, formerly known as Madras, is the capital of the state of Tamil Nadu and is one of the largest metropolitan cities in India. It is located on the Coromandel Coast of the Bay of Bengal, with an estimated population of 8.9 million (2016). Chennai is a major commercial and cultural centre in South India, and has often been referred to as “The Detroit of India” for its automobile industry. It is also one of the 50 Emerging World Cities identified by urbanologist Richard Florida.

    Chennai has always been a major hub for trade and commerce, even before it was made the capital of Tamil Nadu. The city’s strategic location on the east coast of India makes it a natural gateway for trade with Southeast Asia and beyond. The city is home to many large businesses and industries, including automotive, information technology, healthcare and pharmaceuticals.

    Today, Chennai is one of the fastest-growing cities in India and is considered one of the most important economic centres in South Asia. The city’s GDP grew by 9.4% in 2016-17, making it one of the top-performing cities in India. In terms of per capita GDP, Chennai ranks fourth among Indian cities after Mumbai, Delhi and Kolkata.

    The financial sector is a critical part of Chennai’s economy, accounting for nearly 30% of the city’s GDP. Major banks such as State Bank of India (SBI), ICICI Bank, HDFC

    Hyderabad

    Hyderabad has been historically known as a pearl and diamond trading centre, and it continues to be known as the City of Pearls. Hyderabad is also home to the Telugu film industry, which is popularly known as Tollywood. The city is home to major financial institutions such as the Reserve Bank of India (RBI), the State Bank of Hyderabad (SBH), the Andhra Bank and the Union Bank of India (UBI). Hyderabad is also home to many insurance companies such as Life Insurance Corporation of India (LIC) and New India Assurance.

    Bangalore

    Bangalore is the capital of Karnataka and the largest city in India. It’s also known as the Garden City for its many parks and gardens. Bangalore is a major center for information technology (IT) and has been dubbed the “Silicon Valley of India”. The city is home to many multinational companies, such as Infosys, Wipro, and Tata Consultancy Services. Bangalore is also a major financial center, with a number of banks and insurance companies headquartered there.

    Pune

    Pune is a bustling city in the state of Maharashtra, India. It is the 9th most populous city in the country with a population of over 3.5 million people. The city is known for its many colleges and universities, as well as its thriving IT industry. Pune is also home to the Reserve Bank of India’s (RBI) central office.

    Pune has long been considered the financial capital of India. This is due to the presence of the RBI central office, as well as the headquarters of many Indian banks and financial institutions. The city is also home to a number of stock exchanges, including the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the PUNE Stock Exchange (PSE).

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