From being a small fishing village in the twentieth century, Vizag has grown into an industrial hub. Its saga began with the quest of British to find a suitable port that could serve the hinterland possessing rich mineral wealth. Unlike the western coast of India, the east coast has few undulations to form a natural harbor. Britishers quest for finding out a harbor ended with Vizag. Vizag is the most protected natural harbour in Asia. They started building the harbor in 1927 and in 1933 it was opened to traffic. One more important milestone is setting up of Scindia Steam Navigation Co., later known as Hindustan Shipyard Ltd in 1940. With the construction of the K.K. line connecting the iron ore mines of Bailadila in M.P. (Present day Chattisgarh), its importance grew. In 1950s and 1960s Government and private sector setting up some largescale Basic industries like Bharat Heavy plates and vessels (B.H.P.V.), Hindustan Zinc Ltd., Caltex oil refinery (Later acquired by government as H.P.C.L.), Coramandel fertilizers, Andhra Polymers (Now L.G. Polymers), etc. 1980s saw a major development with the development of Vizag Steel and other major industries. Economic liberalization in the 1990s brought a modest growth to the city but not as much as it did to Hyderabad. However, some industries sprang up like Rain calclining Ltd., expansion of H.P.C.L., setting up of Vizag Export Processing zone, Simhadri Thermal Power plant of N.T.P.C., etc. Vizag is now declared as one of ten fastest growing cities of the world a recent study conducted by the United Nations.
Due to the presence of the Eastern Naval Command, Steel Plant, H.P.C.L., the city has been the home to people from different parts of the country and due to this the city has a cosmopolitan texture to it.
The city's main commercial and shopping centres are located in the Dwaraka Nagar-R.T.C. complex area and Jagadamda Junction area. Since 2000, the Dwaraka Nagar-R.T.C. complex area has transformed into a commercial hub with new shopping malls and complexes spring up within a radius of 2-3 kilometers. The city is home to many five star hotels such as Taj group, I.T.C. Welcome Group & Park Hotels.
izag is a cosmopolitan mix of people from various parts of the country. From a population of a few thousand locals during the 18th century and early 19th century the population grew steadily every decade. The city doubled its population from 1990–2000 owing to a large migrant population from surrounding areas and other parts of the country coming to the city to work in its heavy industries.
