The Indian economy could shrink by 7.7% during the financial year 2020-21 (FY21) as compared to 4.2% growth in FY20, said National Statistical Office (NSO) in its advance GDP estimates released Thursday. Sharp Drop: States' capex seen down a … It is ranked number 29 in world in developed cities. Total GDP of Mumbai is 1212200 Crore Rs or 209 Billion USD. However, we should look at per capita GDP. 2008 was perhaps one of the worst affected years in this regard, with the GDP recording an annual growth percentage of 3.087. : Related News. In 2006 the GDP grew by 8.061% and in 2007, it grew by 7.661%. Mumbai, Dec 17 (PTI) Domestic rating agency Icra Ratings expects the technical recession in the country''s economy to end in the fourth quarter … Mumbai, Maharashtra is the entertainment, fashion and commercial centre of India. The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. GDP wise Pakistani and indian cities won't be similar in overall terms. Domestic rating agency Icra Ratings on Monday said it expects the country's real gross domestic product (GDP) to grow by 10.1 per cent in FY2022. Real GDP in the year 2020-21 is likely to attain Rs 134.40 lakh crore levels, down 7.7% as compared to Rs 145.66 lakh crore in 2019-20. Last Updated: 19th November, 2020 20:04 IST Shiv Sena Neta Gives Karachi Sweets' Owner Deadline To Change Its Name; 'I Hate This Name' Shiv Sena's Nitin Nandgaonkar has asked the owner of Karachi Sweets in Mumbai's Bandra to change the name of the shop to something "not related to Karachi" If you see from the graph, Mumbai is fast catching up with Pakistan. A TOI analysis of Oxford Economics figures puts Mumbai’s per capita GDP at PPP at $16,881, while the same for Delhi is $15,745. As of 2016 recent estimates of the economy of the Mumbai Metropolitan Region have been around $160 billion in nominal terms and $368 billion by PPP (PPP metro GDP) ranking it either the most or second-most productive metro area of India. Karachi is the financial and industrial capital of Pakistan.As of 2019, Karachi had an estimated GDP (nominal) of $64 billion. The economy of Pakistan is the 22nd largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic product. According to a 2015 Brooking institution's report on Metropolitan Areas, Mumbai had a GDP per capita of $1990 per person. The three megacities of Mumbai, Delhi and Kolkata are neck and neck when it comes to per capita GDP growth, with Hyderabad leading the pack. It is ranked number 29 in world in developed cities. india is a much bigger economy due to its sheer size. 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