The major industries in the city include manufacturing, basic materials, pharmaceuticals and food processing," the report says.Mumbai still continues to be India's richest city with its total wealth expected to be around $820 billion. The city is home to 46,000 millionaires and 28 billionaires.Delhi stands second with wealth worth $450 billion. Also, once the standard of living in India improves, we expect several wealthy people to move back".India's total wealth has been pinned at $6.2 trillion (as of December 2016). Experts say the main reason for this could be that Australia has one of the best healthcare systems in the world. This shows that wealth migration away from the country is accelerating," the report says.

Source: Times of India February 21, 2017 12:11 UTC