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Chandigarh's the richest of 'em all
Published on Fri, Jun 09, 2006 at 10:03, Updated on Fri, Jun 09, 2006 at 16:13 in India section
Tags: Chandigarh, Per Capita Income , Chandigarh
Chandigarh: Mirror Mirror on the wall, which is the richest city of them all?
Not Mumbai, not Delhi or Bangalore - it's Chandigarh, with a per capita income of Rs 67,370, which at current prices is the highest in the country.
What is Per Capita Income |
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Per capita income is the mean income computed for every man, woman and child in a particular group. It is derived by dividing the total income of a particular group by the total population in that group.Nearly 71 per cent of the 10 lakh population is accounted for by the service sector, which the administration says is pushing up the per capita income.
The impact of this high per capita income can be seen in the increased consumption of electricity, petrol and mobile phone and Internet connectivity.
On the other hand infant mortality and death rate have gone down.
Add to this, the beauty that surrounds Chandigarh - tree-lined boulevards, proximity to mountains, a lake and the cleanliness, all make it a favourite candidate for the rich.
“The city is right at the foothills of the Himalayas, the per capita income is high here. Everything that one wants is here,” says Hot Millions restaurant Director Aman Bir Singh.
The city boasts of a better lifestyle and more leisure opportunities for the young, who are understandably delighted.
Not only are the levels of education high, the city is fast becoming an IT hotspot, with the Chandigarh Technology Park attracting an investment of Rs 400 crore so far and projects an export of about Rs 1000 crore in the next three years.
The definite makings of the richest city in India are also visible in the light of the fact that Chandigarh is the capital of two of the wealthiest states in the country - Punjab and Haryana.
And it's not only youngsters who are thinking of making Chandigarh their home, pensioners and landlords are also making a beeline for the city.
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