Ahmedabad has emerged as an important economic and industrial hub in India. It is the second-largest producer of cotton in India, due to which it was known as the 'Manchester of India' along with Kanpur. Ahmedabad's stock exchange (before it was shut down in 2018) was the country's second oldest. Cricket is a popular sport in Ahmedabad; a newly built stadium, called Narendra Modi Stadium, at Motera can accommodate 132,000 spectators, making it the largest stadium in the world. The world-class Sardar Vallabhbhai Patel Sports Enclave is currently under construction and once complete, it will be one of the biggest sports centers (Sports City) in India. The effects of the liberalisation of the Indian economy have energised the city's economy towards tertiary sector activities such as commerce, communication and construction.[19] Ahmedabad's increasing population has resulted in an increase in the construction and housing industries, resulting in the development of skyscrapers.[20]
In 2010, Ahmedabad was ranked third in Forbes's list of fastest growing cities of the decade.[21] In 2012, The Times of India chose Ahmedabad as India's best city to live in.[22] The gross domestic product of Ahmedabad metro was estimated at $136.1 billion in 2023.[23][24] In 2020, Ahmedabad was ranked as the third-best city in India to live by the Ease of Living Index.[25] In July 2022, Time magazine included Ahmedabad in its list of world's 50 greatest places of 2022.[26]
^Jawaharlal Nehru National Urban Renewal Mission (2006). "Profile of the City Ahmadabad"(PDF). Ahmadabad Municipal Corporation Ahmadabad, Urban Development Authority and CEPT University, Ahmadabad. Ahmadabad Municipal Corporation. Archived from the original(PDF) on 19 August 2008. Retrieved 22 July 2008.
^Tiwari, Anuj (22 October 2021). "Richest Cities Of India". India Times. Archived from the original on 8 October 2022. Retrieved 22 October 2021. The Manchester of East, Ahmedabad, is among the richest cities of India. The city ranks eighth on the list with an estimated GDP of $68 billion.