Best Cities in India for Business

India is one of the fastest growing economies in the world. Currently, India is 7^th largest economy in terms of GDP and third largest economy in terms of Purchasing Power Parity (PPP). At present, it has the world’s largest youth population.
To exploit the potential of India several top notch global enterprises are flocking in to grab the piece of Indian pie. Launching a business is very tricky, you have to plan everything. One wrong step can turn everything you have into ashes. One of the important decisions is to decide where to set up the business. Here is the list of cities which are best for business in India.

Bengaluru

Bangalore or Bengaluru is the Silicon Valley of India and it is the nation’s largest IT services exporter. It scores the first position in terms of schools, colleges and university.  Ability to attract infrastructure, office space availability and cosmopolitan culture make it an ideal destination for businesses.

Mumbai

The dream city Mumbai is the financial capital of India. Mumbai generates about 6.16 percent of India’s GDP and 33 percent of India’s total income tax collection alone comes from Mumbai. The rental growth in this city is an average of 33 percent and the capital value growth is an average of 45 percent that make it one of the best cities in India for business.

Gurugram

Gurugram, formerly known as Gurgaon, is relatively a new city and have a lot of potentials to be harnessed. It is an industrial hub based in the National Capital Region (NCR). At present over 250 fortune 500 companies call it home and the list is steadily increasing.

Hyderabad

Hyderabad which is popularly known as the ‘City of Pearls’ have a worldwide reputation for its diamond and architecture. The city contains the highest number of special economic zones (SEZs) for any Indian city. Hyderabad has been ranked as second best Indian city to do business in 2009 by World Bank Group. Global Technology giants like Google, Facebook, Microsoft, Dell, IBM and Yahoo are based in the city which is also Indian companies like Bharat Heavy Electricals Limited (BHEL), Defense Research and Development Organisation (DRDO), Hindustan Aeronautics Limited (HAL) and Centre for DNA Fingerprinting and Diagnostics (CDFD) are based here.

Delhi

Delhi, the national capital of India, is the largest commercial centre in North India. Delhi houses the country’s fastest and largest growing retail industry. Power, construction and health sector companies are the major components of the city’s economy. Several international organisations have headquarters here making it one of the best cities in India for investment.

Chennai

Chennai is the cultural capital of the Indian state of Tamil Nadu. It is laidback and conservative but attracts a lot of foreign companies. Chennai is also known as the “Detroit of India” for its automobile industry. A major chunk of India’s automobile export is done from here. Automobile giants like Renault, Robert Bosch, BMW, Nissan Motors, Hyundai, Ford, and Mitsubishi have their manufacturing plants in Chennai.

Kolkata

Kolkata, this is one of the prominent cities in India and it should not be overlooked due to its industries. Salt Lake area of Kolkata is also well known for its software and IT developments. This city is the major commercial and business hub for eastern India because of its port and connectivity to seven sisters.

These are the list of best Indian cities for business. Some other popular cities for business are Pune, Ahmadabad, Lucknow, Kochi, Chandigarh, Kanpur and Nagpur.