Mumbai is the home of India’s leading industrial, financial, and commercial centers. A city once dependent on the textile industry, Mumbai has transformed into a diversified city with industries ranging from automobile manufacturing, metals, petrochemicals, electronics, and food processing. Mumbai is the headquarters of some of India’s largest businesses, such as the Aditya Birla Group, Godrej, and Tata & Sons. Mumbai is also the capital of the colorful Bollywood film empire, which produces the most movies in the world. The importance of Mumbai’s economy to India’s economy as a whole is extremely important. On average it accounts for 10 percent of aggregate employment provided in factories in India as well as 40 percent of entire income taxes collected out of India.
Mumbai is also the financial and commercial banking capital of India. The Reserve Bank of India, the Mumbai Stock Exchange, and a variety of other major financial institutions call Mumbai home.
The financial prosperity of Mumbai is being significantly hampered by its ever growing population. The city is rated among the worst in India in terms of housing, cost of living, education, and health care.
Sources:
http://www.city-data.com/world-cities/Mumbai-Bombay-Economy.htmlhttp://www.economywatch.com/world_economy/major-world-cities/mumbai-economy.html
No comments:
Post a Comment