Is Delhi a Rich City?

Delhi Dec 02, 2019

Delhi is a city of the rich and is a prosperous city in so many ways. It is a city which is home to 18 billionaires and 23000 millionaires, the second most in India after Mumbai. It was reported in 2018 that the wealth of the top 10 wealthiest individuals was close to 1/3rd of the state’s wealth. And it is a prosperous city culturally and historically too. The Delhiite can reminisce the history of the city while going about his day. Delhi is one of the oldest inhabited cities of the world, the foundation for which is believed to have laid in 736 AD.

It’s a rich man’s world:

The National Family Health Survey (NFHS), about the affluent individuals of Delhi, concluded that they constituted 11 per cent of the affluent in the country. There are 163 wealthy families in Delhi whose cumulative wealth is approximately 6.8 Lakh crores, which is 1/3rd of Delhi’s wealth. Some of the well known wealthy families of Delhi are The Nadars of HCL, The Mittals of Bharati Airtel, and The Tewatia family of DLF Constructions.

A glorious history:

'He who holds the key to Delhi holds India', seems to have inspired many a ruler to conquer Delhi and leave their mark on the city by building monuments and tombs and mosques for posterity, across the city. Delhi has borne witness to a glorious history. Many dynasties have ruled over Delhi and have left their various monuments and historical sites which have now become the unique attraction of Delhi. There are monuments from different phases of Delhi’s history in the city. Some noteworthy ones include- The Red Fort, Humayun’s tomb, Jama Masjid of the Mughal Dynasty, Qutub Minar of the Sultanate, The India gate, The Rashtrapati Bhawan, The Parliament building. The beauty of Delhi is that these monuments are many a time within a few kilometres and sometimes even closer, like the red fort built by the Mughal ruler, Shah Jahan is a five-minute walk from the town hall which was created by the British.
Delhi also has a rich history of producing political stalwarts like Narendra Modi, Nirmala Sitharaman, Arun Jaitley, and Dr Manmohan Singh. All of them who were educated in Delhi’s educational institutions.