Nagpur is an emerging Metropolis of India and the fastest growing crorepati city also.Nagpur has been the main center of commerce in the Vidarbha region since early days and is an important trading location. However, Nagpur's economic importance had gradually declined relative to Mumbai and Pune after the merging of Vidarbha into the Maharashtra because of a period of neglect by the state government. During the slowdown, state and central government offices were a major source of employment in the city.
Nagpur's economy is currently recovering from past slowdowns and the city has attracted Rupees 5,000 crore in investment in 2004. The city was ranked 9th most competitive city in the country by the Institute for Competitiveness in its 2010 report. The city is important for the banking sector as it hosts the regional office of Reserve Bank of India, which was opened on 10 September 1956. The Reserve Bank of India has two branches in Nagpur in which one of it houses India's entire gold assets. Sitabuldi market in central Nagpur, known as the Heart of the city, is the major commercial market area.
The Butibori industrial area is the largest in all of Asia in terms of area. The estate's largest unit is of Indo Rama Synthetics, which manufactures synthetic polyester yarn. Other units in Butibori include the power transmission company KEC, Hyundai Unitech, ACC Nihon Castings Ltd. Koradi Thermal Power Station and Khaparkheda Thermal Power Station are the two major thermal power stations located near Nagpur and operated by MSPGCL.
The Hingna industrial estate located on the western fringes of the city is made up of around 900 small and medium industrial units. The major ones among them are tractor manufacturing plant of Mahindra and Mahindra, casting units of NECO Ltd. (the country's largest casting group), units of International Combustion, Bajaj Auto group, Candico (the second largest confectionery manufacturing plant in India), Ajanta toothbrushes,
