Education. Human Basics. Corporate self-interest. Corruption. Mumbai...an estimated city population of 18.4 million and metropolitan area population of 20.7 million as of 201. It is the wealthiest city in India, and has the highest GDP of any city in South, West or Central Asia. The seven islands that came to constitute Mumbai were home to communities of fishing colonies. For centuries, the islands were under the control of successive indigenous empires before being ceded to the Portuguese and subsequently to the British East India Company. Bombay in the 19th century was characterized by economic and educational development. During the early 20th century it became a strong base for the Indian independence movement. Upon Indias independence in 1947 the city was incorporated into Bombay State. In 1960, following the Samyukta Maharashtra movement, a new state of Maharashtra was created with Bombay as the capital. The city was renamed Mumbai in 1996. Mumbai is the financial, commercial and entertainment capital of India. It is also one of the worlds top ten centres of commerce in terms of global financial flow, generating 5% of Indias GDP and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust & JNPT), and 70% of capital transactions to Indias economy. The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations. It is also home to some of Indias premier scientific and nuclear institutes like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Department of Atomic Energy. The city also houses Indias Hindi (Bollywood) and Marathi film and television industry. Mumbais business opportunities, as well as its potential to offer a higher standard of living, attract migrants from all over India, making the city a melting pot of many communities and cultures. Wikipedia.
Posted on: Mon, 10 Nov 2014 13:37:49 +0000