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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) respectively.[42] As of 2001, Bangalore's share of Rs. 1,660 crore (US$ 300 million) in Foreign Direct Investment was the fourth highest for an Indian city.[43]
In the 1940, industrial visionaries such as Sir Mirza Ismail and Sir Mokshagundam Visvesvaraya played an important role in the development of Bangalore's strong manufacturing and industrial base.