Related news
Telangana News
Delhi is India’s new economic capital
According to the latest statistics of Oxford Economics, Mumbai occupied 31st rank among 50 top metropolitan economic entities. The city has now forgone the tag of the economic capital of India to Delhi.
Mumbai extended urban agglomeration (EUA), according to the latest analysis, consisting of Mumbai, Navi Mumbai, Thane, Vasai-Virar, Bhiwandi and Panvel, had a 2015 GDP of US $368 billion when seen in terms of purchasing power parity (PPP), using a 2012 PPP conversion rate of Rs 15.5 per dollar.
Coming to Delhi, its EUA consisting of Delhi NCR, Gurgaon, Faridabad, Noida and Ghaziabad, had a GDP at PPP of $370 billion, taking it to 30th position in the global ranking. Oxford Economics also forecasted that, by 2030, Delhi would be occupying 11th position and Mumbai 14th.
