Indore has the largest economy in central India and is the business and trading capital of the state. Cotton textiles are the city’s major product, but iron and steel, chemicals, and machinery are also manufactured there.

Indore has an oil seed extraction industry, confectionery, RCC pipes and poles, electrical machinery, and ready-made garments. The banks in Indore play a number of roles and the presence of a number of industries in Indore has raised the level of capital investments in the banks.