A survey joined by the National Sample Survey Organization of India reveals that Delhi is the city that will make the most money in 2008-09. Mumbai will be the one spending the most, while Bangalore will be tops in saving.
The survey was based on data culled out of a survey of 600,000 urban Indian households by prominent government agencies to research how urban India is managing its money, the Hindustan Times reported Tuesday.
According to the study, the total income of Delhi district will top 1,260 billion rupees (30 billion U.S. dollars) this fiscal.
Mumbai (1,163 billion rupees or 27.7 billion U.S. dollars) is projected to come second, followed by Bangalore (602 billion rupees or 14.3 billion U.S. dollars).
At the bottom of the pile of 575 urban districts lie Jashpur inIndia's central state Chhattisgarh, with total projected incomes of 0.8 billion rupees (20 million U.S. dollars).
On the savings front, Bangalore tops the study. People of India's IT hub are projected to save the highest percentage of the district's total income - 31.9 percent.
Where lavish spending is concerned, there's no one to beat Mumbai, the report said. It is projected to save only 13.4 percent of its total income, spending 86.6 percent, which works out to a massive 1,006 billion rupees or 24 billion U.S. dollars.
However, Gandhinagar in India's western state Gujarat will havet he highest per capita saving 52,679 rupees, or 1,250 U.S. dollars.
Source:Xinhua
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