Three Sixty West Tower B, occupied by the Ritz-Carlton, is one of the tallest commercial buildings in Mumbai.The Bandra–Worli Sea Link.The skyline of South Mumbai, across Back Bay.The Bombay Stock Exchange.
Mumbai, often described as the New York of India,[1] is the financial centre and the most populous city of India with an estimated city proper population of 12.5 million (1.25 crore).[2] The city is the entertainment, fashion, and commercial centre of India. Mumbai hosts the largest urban economy of any city in India as it is the financial capital of an almost US$ 4 trillion Indian economy in nominal terms. As of 2021,[update] Mumbai Metro's nominal GDP is estimated to be US$277.98 billion,[3][4][5]and GDP (PPP) is estimated to be US400 billion,[6][7][8][9] Mumbai's GDP (PPP) per capita rounds up to around US$23,000.[10][11] It is the richest Indian city and 12th richest city in the world with a net wealth of around US$1 trillion with 46,000 millionaires and 92 billionaires.[12][13][14][15] Mumbai accounts for slightly more than 6.16% of India's economy, contributing 10% of factory employment, 30% of income tax collections, 45% of entertainment tax, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade, 100% of stock market assets and rupees 1,60,000 crore (US$20 billion) in corporate taxes to the Indian economy.[16]
The headquarters of several Indian financial institutions, such as the Bombay Stock Exchange, the Reserve Bank of India, the National Stock Exchange, the Mumbai Mint, as well as numerous Indian companies such as the Tata Group, Essel Group and Reliance Industries, are located in Mumbai. Most of these offices are located in downtown South Mumbai, which is the nerve centre of the Indian economy. Dalal Street, nicknamed the Wall Street of Mumbai,[17] is home to the Bombay Stock Exchange and several financial institutions. Many foreign corporations also have their branch headquarters in the South Bombay area. Mumbai is also home to some of India's richest people, including Mukesh Ambani.[18]
Mumbai is the world's 17th largest city by GDP.[6][19] Mumbai was ranked among the fastest cities in India for business startup in 2009.[20] Mumbai has a nominal GDP per capita of around US$10,600.[21]
Bank of India at Bandra Kurla ComplexMumbai is witnessing a massive skyscraper boom, with more than 250 currently under construction.
^"Mumbai Is India's New York". NPR. Retrieved 26 February 2024.
^"Provisional Population Totals, Census of India 2011; Cities having population 1 lakh and above" (PDF). Office of the Registrar General & Census Commissioner, India. Archived from the original (PDF) on 7 May 2012. Retrieved 26 March 2012.
^"Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? – Full Size". www.visualcapitalist.com. Retrieved 26 April 2023.
^"Worlds richest cities by GDP Nominal". Rankingroyals.com. Retrieved 19 April 2024.
^"Gross domestic product (GDP) of major cities in India in 2022". statista.com. Retrieved 26 April 2023.
^ ab"Mumbai 17th in global GDP list, says survey". 3 June 2017.
^Lewis, Clara (28 November 2016). "Delhi, not Mumbai, India's economic capital". The Times of India. Retrieved 11 September 2023.
^"Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? – Full Size". www.visualcapitalist.com. Archived from the original on 13 October 2021. Retrieved 24 November 2022.
^"India needs its own $1 trillion states; Is Mumbai the answer?". financialexpress.com. Retrieved 18 September 2022.
^"Why Mumbai". Indiachem.in. Retrieved 8 April 2022.
^"Mumbai 12th wealthiest city in the world, New York number one with 65 billionaires". BusinessToday.in. Retrieved 28 January 2021.
^"Hurun Global Rich List 2024". Hurun Research Institute. Retrieved 19 April 2024.
^"Mumbai is the 12th wealthiest city in the world, leaving Paris and Toronto behind". GQ India. 14 October 2019. Retrieved 16 September 2021.
^"Mumbai among the world's top cities with most Billionaires". 8 June 2021. Retrieved 7 November 2021.
^"Mumbai 12th richest city globally; total wealth at USD 1050 billion". The Economic Times. Retrieved 16 September 2021.
^"Mumbai, Mumbai city, Mumbai tourism, Mumbai tour, Maharashtra Capital Mumbai, Commercial Capital Mumbai, Bollywood Mumbai, Mumbai Transport". Archived from the original on 11 October 2007. Retrieved 12 October 2007.
^James Chen. "What Is Dalal Street?". Dotdash Meredith.
^"Here are the 10 richest people in Mumbai". cnbctv18.com. 18 May 2018. Retrieved 2 March 2022.
^The 150 richest cities in the world by GDP in 2005, dated 11 March 2007. The list fails to include Taipei. Accessed 3 July 2007.
^"Doing Business in India 2009". World Bank. Retrieved 8 June 2010.
^"What is Mumbai's economic composition". Metroverse.cid.Harvard.edu. Retrieved 16 April 2023.
population of 12.5 million (1.25 crore). The city is the entertainment, fashion, and commercial centre of India. Mumbai hosts the largest urban economyof any...
Mumbai (/mʊmˈbaɪ/ , Marathi: [ˈmumbəi], ISO: Muṃbaī; formerly known as Bombay) is the capital city of the Indian state of Maharashtra. Mumbai is the financial...
Mumbai Port (also known as the Bombay Port) is a port which lies midway on the west coast of India, on the natural deep-water Mumbai harbour in Maharashtra...
buildings, as part of the wider redevlopment and modernization ofMumbai. The mills of Girangaon were once integral to Mumbai'seconomy, particularly during...
instead of Indic text. Hindi cinema, popularly known as Bollywood and formerly as Bombay cinema, refers to the film industry based in Mumbai, engaged...
The economyof the state of Maharashtra is the largest in India. Mumbai, the capital of Maharashtra and often described as the New York of India or Manhattan...
Jamshedji Jeejeebhoy Fort (Mumbai) Economyof India EconomyofMumbai James Chen. "What Is Dalal Street?". Dotdash Meredith. "Mumbai Is India's New York"....
Central business district in the city ofMumbai, India. It is a prominent upscale commercial hub which commands some of the highest property rates in the...
India EconomyofMumbaiEconomyof Kolkata Economyof Haryana Economyof Uttar Pradesh "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The...
prominent downtown area ofMumbai in Maharashtra, India. Located on the southern tip of the Mumbai peninsula, at the end of the Mumbai's Marine Drive, Nariman...
main port of the Mumbai Metropolitan Region after Mumbai Port, also of Maharashtra and Western India. Its common name derives from the names of Nhava and...
The Mumbai Metropolitan Region Development Authority (MMRDA) is a body of the Government of Maharashtra that is responsible for preparation of Regional...
Mumbai Metropolitan Region (abbreviated to MMR and previously also known as Greater Bombay Metropolitan Area), is a metropolitan area consisting of Mumbai...
The University ofMumbai (previously University of Bombay) is a public state university in Mumbai. It is one of the largest university systems in the world...
Ghat is an open air laundry place in Mumbai, India. It is located at Mahalaxmi railway station in southern Mumbai, it is also accessible from the Jacob...
Mumbai Saga is a 2021 Indian Hindi-language action crime film directed by Sanjay Gupta and produced by T-Series. It features an ensemble cast of John Abraham...
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain...
(BDB) is the world's largest diamond bourse (exchange) and is located in Mumbai, India. Spread over a 8.1-hectare (20-acre) plot, the complex is home to...
The economyof India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector...
central public sector undertaking under the ownership of Ministry of Textiles , Government of India. It owns 23 working textile mills which produce yarn...
group has built databases on the Indian economy and private companies. CMIE provides this information in the form of databases and research reports via a...
the world's largest economy since 2016 when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2022 in PPP terms...
Dockyard, is an Indian shipbuilding yard at Mumbai. The superintendent of the dockyard is a Naval Officer of the rank Rear Admiral, known as the Admiral...
jewellery industry in Mumbai, India. Located at Bhuleshwar in South Mumbai, just north of Crawford Market, Zaveri Bazaar is a muddle of narrow lanes, dotted...
Economic Zone in Mumbai, India. Situated in the Andheri East area, it is subjected to liberal economic laws as compared to the rest of India to promote...
Global Information
