According to the latest report of the National Council of Applied Economic Research, the richest city in India is now Surat, ahead of Bangalore and Madras, with an average annual household income of Rs 0.45 million (over $11,000 per year).
The two words that come to my mind immediately when I read 'Gujarat' are diamonds and Ambani.
80 per cent of all diamonds sold anywhere in the world are polished in Surat's 10,000 diamond units.
India's wealthiest man, Mukesh Ambani of Reliance, is Gujarati. According to Forbes he is the world's fifth richest man, worth $43 billion.
The fifth richest city in India is now Ahmadabad, ahead of Bombay and Delhi, - and miles ahead of Calcutta.
Not many know that most of the richest communities in India are Gujaratis that include Parsis, Jains, Memons, Banias, Khojas and Bohras.
This is a good news and should inspire every others state in India: There are 18,048 villages in Gujarat and out of them, 17,940 villages have electricity.
Thirty per cent of India's cotton is grown in Gujarat, 40 per cent of India's art-silk is manufactured in Surat, employing 0.7 million people.
Do you know that 40 per cent of India's pharmacy industry is based in Gujarat?
The two great leaders of the subcontinent, the Mahatma and the Quaid, were both Gujaratis from trading communities. One a Bania, the other a Khoja.
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