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Mumbai - The Business Capital of India

Mumbai, which was previously known as Bombay is a major metropolitan city of India. It is the state capital of Maharashtra. Mumbai city is known as the business capital of India, it being the country"s principal financial and communications centre. The city has the largest and the busiest port handling India"s foreign trade and a major International airport. India’s largest stock market which ranks 4th largest in Asia and 11th largest in world (31st Dec, 2012), with a - Market capitalization US$ 1.203 trillion (Oct 2012)

Where is Mumbai

Mumbai (Bombay) lies on the western coast of India. It is a group of seven islands in the Arabian Sea which lies off the northern Konkan coast on the west of Maharashtra state in India. These seven islands which were once separated by creeks and channels were filled and bridged over the years by the inhabitants

History of Mumbai

In 1661, King Charles II of England, married Princess Catherine de Braganza of Portugal, and as part of the dowry he received "Bombay" which is today known as Mumbai. Later in 1668 it was handed over to the East India Company. In 1858 the administration of the country was taken over by the Queen of England, Queen Victoria, from the East India Company. A viceroy was appointed to rule India in the name of the Queen. Bombay came under the direct rule of the British in 1861. The first railway line in India was started between Bombay (VT) and Thane in 1861.In 1864, modern water supply was started in Bombay (Mumbai) and in 1885, Bombay was lit with gas Mahatma Gandhi joining Indian Politics in 1920, was a turning point in the political destiny of India which led to the Independence of India from the British rule. Bombay (Mumbai) had an important role to play in this event.


Climate of Mumbai

Most of the year, Mumbai"s climate is warm and humid. Between November and February, the skies are clear, and the temperature is cooler. From March the temperature becomes warm and humid till mid June, the beginning of monsoon. During monsoon there are torrential rains, sometimes causing the flooding of major roads and streets of Mumbai. The average rainfall which is brought by the south-west monsoon winds in Mumbai is 180 cms. Monsoon ends by the end of September. October is comparatively hot and humid.

Economy of Mumbai

Besides being the financial & commercial capital, it has one of the largest cotton textile industries in the country. The biggest & busiest port in India. It has the largest source of oil and natural Gas. The largest stock exchange in India, and 11th largest in the world! Mumbai is also the capital of India"s Pharmaceutical Trade and Industry The city is a transit point- manufactured medicines come into the city from all over India and are stored in what are called central depots from where they are redistributed all over the country. Many multinationals & mega corporate head offices are located here, and the largest motion picture industry in world is here! The city is known for creating wealth, from the busy business tycoons to the beggars in the street everyone gets his share of the pie. 40% of India"s GNP, is generated from this city. GDP contribution is 6.16%.  Its port handles 70% of the country’s foreign trade, 40 % of India’s textile industry and its citizen pay 33% of India’s income tax. Majorities of the people here are Hindus, followed by Muslims, Parsis, & Christians. The city has a growing population of 13 million plus. Due to the high level of congestion, population has grown in the suburbs and in Navi Mumbai particularly The city attracts a large number of migrants from the state

Mumbai - A melting pot

The total population of Mumbai is about 13 million plus. It is still growing. Mumbai provides umpteen opportunities to realize one"s dreams. Hence, people from all over India, belonging to different cultures come here to realize their dreams. Mumbai has become the melting pot of all Indian cultures. This is the reason Mumbai has a truly cosmopolitan population bustling with activity. Its film industry "Bollywood" also draws a number of youths with tinsel dreams to Mumbai. Being a major financial center, People from all over the world come here for business opportunities. This has made Mumbai a major international city. Description about Mumbai/Bombay can not be complete without the mention of Bollywood, the biggest Indian film industry which churns out hundreds of Hindi block-busters every year. Mumbai is the birthplace of Indian cinema with the oldest film shot in the country in 1896 in the Kala Ghoda area. A large number of cinemas, including an IMAX dome theatre, catering to mainstream Marathi, Bollywood and Hollywood films dot the city. The city contains some excellent old Movie Theatres like Plaza, New Empire and New Excelsior. Of late, due to taxation policies of the State Government, it has become more profitable to operate Multiplexes and so, many such movie theatres are making way for new developments or interior overhauls. A recent example of this is Sterling Theatre at Chhatrapati Shivaji Terminus.
The city is also home to legendary film studios, some of the best in South Asia. The Film City in Goregaon is the most popular. Other legendary studios like Raj Kapoor"s R.K. Studios, Filmistan, Shashadhar Mukherjee"s Filmalaya and V Shantaram"s Rajkamal Studio have been privy to many critically acclaimed and commercially successful movies

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