Economy

Bangalore's Rs 260,260 crore (US$ 100 billion) economy (2002–03 Net District Income) makes it a major economic centre in India.^[39] With an economic growth of 10.3%, Bangalore is the fastest growing major metropolis in India ^[40]. Additionally, Bangalore is India's fourth largest fast moving consumer goods (FMCG) market. ^[41] The city is the third largest hub for high net worth individuals and is home to over 10,000 dollar millionaires and about 60,000 super-rich people who have an investable surplus of Rs. 4.5 crore (US$ 1 million) and Rs. 50 lakh (US$ 116,000)^[42] As of 2001, Bangalore's share of Rs. 1,660 crore (US$ 400 million) in Foreign Direct Investment was the fourth highest for an Indian city.^[43] respectively.