Meet Asia’s Richest Village: Located Right Here in India  

Madhapar, a village on the outskirts of Bhuj in Gujarat, has earned the title of “Asia’s Richest Village,” with residents holding fixed deposits worth a staggering ₹7,000 crore. This wealth showcases the village’s extraordinary prosperity, which rivals that of many cities.

The village, predominantly inhabited by the Patel community, has a population of around 32,000, up from 17,000 in 2011. Madhapar is home to 17 banks, including major public and private banks such as HDFC Bank, SBI, PNB, Axis Bank, ICICI Bank, and Union Bank, highlighting the financial vibrancy of this unique village.

The primary reason behind Madhapar’s wealth is its substantial non-resident Indian (NRI) population. Many families from the village reside abroad, particularly in African countries, as well as in the UK, Australia, America, and New Zealand. Despite living overseas, these families maintain strong ties to their homeland, preferring to deposit their earnings in local banks and post offices in Madhapar rather than in their countries of residence.

The influx of NRI wealth has significantly contributed to the village’s development. According to Parulben Kara, former president of the District Panchayat, Madhapar boasts essential facilities such as water, sanitation, and well-maintained roads, alongside numerous bungalows, schools, lakes, and temples. The village’s remarkable financial assets and infrastructure make it a shining example of prosperity fueled by its global diaspora.