Visakhapatnam is the largest city of Andhra Pradesh. Visakhapatnam has a GDP of $43.5 billion.[1] It is the 9th richest city in India.[2] Fishing industry, road–rail connectivity, many heavy industries like Hindustan Petroleum, Visakhapatnam Steel Plant, Hindustan Shipyard, Visakhapatnam Port Trust, National Thermal Power, Bharat Heavy Electricals, BARC, Naval Science and Technological Laboratory, Naval Dockyard, Dredging Corporation of India, Strategic Petroleum Reserve, NMDC, CONCOR, Andhra Pradesh Medtech Zone etc..
Private sector like Coromandel International, Ferro Alloys Corporation, Gangavaram Port, etc., are the factors that made the city into an industrial hub, from a small hamlet.[3] Tourism also plays an important role in generating revenue, with numerous tourist destinations in and around the city.[4] Blessed with a natural harbour and one of the largest ports of India, sea trade was made possible with other countries which also boosts the economy.[5] The service sector contributes for 55 per cent of the total GDP of Visakhapatnam, while 35 per cent comes from the industrial sector and 10 per cent from agricultural and allied sectors.[6]
^"Richest Cities Of India". businessworld.in. Retrieved 23 March 2022.
^"Vizag 9th richest city in country".
^Philip Amis; Sashi Kumar. "Urban economic growth, infrastructure and poverty in India: lessons from Visakhapatnam" (PDF). Environment&Urbanization Vol 12 No 1 April 2000. Retrieved 15 July 2014.
^"Vizag". Andhra Pradesh Tourism. Archived from the original on 30 June 2014. Retrieved 23 July 2014.
^"Visakhapatnam Article". Encyclopædia Britannica. Retrieved 23 July 2014.
^Raju, VDS Rama (7 September 2014). "Vizag district eyes 100% GDP growth". Business Standard India. Retrieved 10 November 2016.
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