How wrong i was with my conventional wisdom. I thought rich multimillionaire entrepreneurs generate wealth and jobs at equal proportions. My belief took a hit, when i stumbled on this New World Wealth report. The report says, Kolkata has more multi millionaires than Bengaluru. I took a quick dig at Naukri, did a city wise search and found Bengaluru has a whopping seven and half times more vacant positions than Kolkata (35,554 vs. 4,691). I understand that this comparison is too simplistic. Bengaluru has jobs from west, but then Kolkata too gets its share of outsourced jobs. But Kolkata’s number of available jobs is abysmally low. In fact, other Indian cities featured in the list, Hyderabad (510 multimillionaires), Chennai (390) and Pune (250) have way less multimillionaires than Kolkata’s 570, but have multifold more advertised jobs. This is unbelievable!
Hence Proved: Kolkata’s Multimillionaires Create Fewer Jobs Than Multimillionaires of Bengaluru, Hyderabad, Chennai and Pune
Thanks for your thought there are 2-3 reason mainly behind it , First availability of marwari & Gujrati population who came in kolkata early British period they are well known for their Business which they run since long time because for unindustrialization of bengal since 1970-2001 many of them invested in other state but residing on kolkata best example (Benu Gopal Bangur) Richest in kolkata according to forbes list his shree cement is nor popular in bengal neither production plant situated in benngal. Second important think is that availability of Coal in Eastern india (80% of total coal reserve in three state ) namely Orrisa, Bengal & Jharkhand therefore caol india head office situated in kolkata and lots of mid segment
mid segment steel company turnover is between 1000-2000 crore situated in bengal they mostly require casual labour inspite high qualified student Third reason of recent boom in real estate market in kolkata 4th important point IT company which create more high end job mostly situated in other part of india check out their turnover