There’s no doubt that there has been tremendous development in India in the last couple o decades. Although experts may claim that the growth (and reforms) is happening at a slower rate, foreign companies continue to invest in India, India companies are going global, and the number of millionaires in India is increasing by the day.
A recent report suggest that Mumbai, Delhi, Pune, Hyderabad, Bangalore, Chennai and Kolkata are the Indian cities with maximum growth in number of multi-millionaires (most Indians would agree that ‘unofficially’ there are many more Millionaires and Multimillionaires across various cities in India).
The Indian millionaire boom is because of the strong economic growth that India is witnessing, the hefty stock-market gains in the country, its flourishing high-tech industries. Of late, growth has been seen across all the industries.
Pune, Oxford of the East, Witnessing Fastest Growth of Multi-millionaires in Asia-Pacific
When it comes to development, Pune may be seen as the little brother to Mumbai. Pune is seen as the city of academics (its also known as the Oxford of the East), is home to the Osho ashram, has the famed Film and Television Institute of India (FTII), and also hosts the Pune International Film Festival (PIFF) every year.
But did you know that Pune is witnessing the fastest growth of multi-millionaires, not just in India, but in the entire Asia-Pacific?
A recent world health report study ranks Pune as the third fastest growing city for the super-rich in the Asia-Pacific region, after Ho Chi Minh City and ahead of Mumbai. The top four cities ranked by the study were:
1. Ho Chi Minh City (Vietnam)
2. Jakarta – Indonesia
3. Pune (India)
4. Mumbai (India)
Pune has always been recognized as the cultural capital of the state of Maharashtra, and a retirement paradise replete with tree-lined boulevards and quaint alleys. However the Pune of today boasts of several major IT companies, is an automobile hub, as well as the mecca for education in the country.
The city has a varied mix of citizens; with a size-able young college going adolescents ready to ape all things West, to the expats enjoying the balance of the cosmopolitan as well as the traditional mix that the city has to offer.
You can see several foreigners in Pune, who are in the city either for higher studies or for the Osho ashram (Bollywood superstar of yesteryear ‘Vinod Khanna’ left Bollywood at his peak to seek solace at the Osho ashram).
Pune is home to the famed Film and Television Institute of India (FTII) that produces the best technicians that go onto work in the Indian film industry.
Veteran actor-filmmaker Deven (Verma best known for his comic performance in ‘Khatta Meetha’ and ‘Angoor’) had a bungalow in Pune, where he passed away some time back.