Option 1 -> Ahmedabad earned this nickname due to its thriving cotton textile industry, similar to Manchester, UK.
Option 2 -> Jamshedpur is known as the "Steel City of India" due to Tata Steel's presence.
Option 3 -> Mumbai is called the "Financial Capital of India" as it hosts major financial institutions.
Option 4 -> Kolkata is known as the "City of Joy" and was historically a major jute manufacturing center.
Hence, Option 1: Ahmedabad -> The city developed a massive textile industry in the early 20th century with numerous cotton mills, mirroring Manchester's role during the Industrial Revolution, though many mills have since declined -> correct