Ahmedabad has emerged as an important economic and industrial hub in India. It is the second-largest producer of cotton in India, due to which it was known as the 'Manchester of India' along with Kanpur. Ahmedabad's stock exchange was the country's second oldest. Cricket is a popular sport in Ahmedabad. A newly built Narendra Modi Stadium at Motera can accommodate 132,000 spectators, being the largest stadium in the world. And upcoming World Class Sports Enclave It will be one of the Biggest Sports Centre in India. The effects of liberalisation of the Indian economy have energised the city's economy towards tertiary sector activities such as commerce, communication and construction. Ahmedabad's increasing population has resulted in an increase in the construction and housing industries resulting in development of skyscrapers.