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India's 10 most affluent cities
A Nielsen survey on the Urban Middle and Rich (Umar) estimates a total of 2.5 million affluent households in India.
Of this 2.2 million belong to the Upper Middle segment, 0.2 million households to the Upper Upper Middle and The Rich consist about 0.1 million households.
1. New Delhi
The survey, conducted in 35 Indian cities with a base of over 18,250 affluent individuals, put New Delhi on top as India's most affluent city.
Click on Next to find out which are the other affluent Indian cities...
India's 10 most affluent cities
2. Bengaluru
The survey defined the affluent class on lifestyle and consumer durables. The variables considered for lifestyle mapping were: employment of domestic help (maid/driver), holiday trips abroad and dining-out habits.
Bengaluru is India's second most affluent city.
India's 10 most affluent cities
3. Greater Mumbai
The financial capital of the nation, Mumbai, is only the third most affluent city in India. A recent report said that almost 50% of the city's population lives in slums.
According to the Nielsen survey, even though nearly half of affluent Indian consumers all are schooled in English, the languages spoken at home are regional Indian languages, the survey revealed.
Nine in 10 affluent households own a house, three- quarters have a fully-automated washing machine and nearly two in five have a home theatre and modular kitchen.
India's 10 most affluent cities
4. Chennai
The capital of Tamil Nadu is the fourth most affluent city in India, according to the survey.
It said English was preferred language for newspapers but television was watched more in regional languages.
Nine in 10 affluent individuals watch television and nearly three-fourth read English dailies, the survey added.
India's 10 most affluent cities
5. Hyderabad
Hyderabad stands fifth in the list of India's most affluent cities.
More than three in five affluent persons watch movies outside home and more than half use Internet at home.
Overall, the economic slowdown has not impacted spending habits of affluent individuals but luxury accessories and vacations are items where they have cut down spending.
India's 10 most affluent cities
6. Kolkata
Kolkata is India's sixth richest city, the Nielsen survey revealed.
For durable ownership, the variables considered were laptop/desktop, air-conditioner, car, television, microwave, washing machine, and number of family members with Internet connection at home and the type of connection used.
India's 10 most affluent cities
7. Kochi
Kochi is India's 7th most affluent city.
Households that own a car and a computer, but without an LCD television and a holiday abroad, were considered as upper class.
Likewise, the Upper Upper Middle segment consisted the owners of a car, a computer, and an LCD, but not a holiday abroad.
India's 10 most affluent cities
8. Pune
Rapidly developing Pune has been ranked 8th in the list of most affluent Indian cities.
The Rich segment owned a car, a computer and an LCD, and also took a holiday abroad.
The primary reason for conducting Nielsen Umar was to obtain, first, a realistic estimate of this segment, as there is no study in India which provides an accurate estimate of this target group.
India's 10 most affluent cities
9. Jaipur
Jaipur, the fastest growing city in Rajasthan, is the nation's ninth most affluent city.
Highlights of affluent Indians:
- Six in ten affluent households are nuclear families.
- 25% affluent households have elders at home.
- More than 50% of the households have more than one earning member.
- 90% affluent individuals own a house.
- 75% of them have a fully automated washing machine.
- 40% affluent individuals have a home theatre and modular kitchen.
- English is their preferred language for newspaper.
- Television is consumed more in regional languages.
- 90% affluent individuals watch television and nearly 75% read English dailies.
- More than 60% watch movies outside home.
- More than 50% use Internet at home. .More than 60% individuals do not read magazines.
- 30% affluent individuals visit a parlour or spa once a month.
- 80% of affluent individuals go out for meals frequently.
- 90% shop at modern retail stores and shopping malls.
India's 10 most affluent cities
10. Ahmedabad
Gujarat, which has shown one of the fastest GDP growth rates in the country over the last few years, is also attracting a huge amount of foreign direct invetsment and big industrial projects. Ahmedabad, the so-called Manchester of the East, is India's 10th most affluent city.
The findings of the survey are interesting in view of the recession.
As per the survey, less than 15 per cent of the segment has made a significant reduction in its spending in the recent past.
Spending on consumer durables remains unchanged for most, while 9 per cent claimed to have made a reduction in spending.
In luxury accessories segment, too, only 16 per cent admit that they've made a significant reduction in spending in this sphere.