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What is Bombay?

Updated: 12/23/2022
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15y ago

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Mumbai - formerly Bombay, is the capital of the Indian state of Maharashtra. The city proper has approximately 14 million people and, along with the neighboring suburbs of Navi Mumbai and Thane, Mumbai forms the world's 4th largest urban agglomeration with around 19 million people. It is the world's 38th largest city by GDP. Mumbai lies on the west coast of India and has a deep natural harbor. Mumbai's port handles over half of India's maritime cargo.

Mumbai is the commercial and entertainment centre of India, generating 5% of India's GDP and accounting for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to India's economy. Mumbai is home to important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India and the corporate headquarters of many Indian

companies and numerous multinational corporations. The city also houses India's Hindi film and television industry, known as Bollywood.

Mumbai's business opportunities, as well as its potential to offer a better standard of living, attract migrants from all over India and, in turn, make the city a potpourri of many communities and cultures. Source: http://en.wikipedia.org/wiki/Mumbai

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