Mumbai (Marathi: मुंबई, Mumbaī, IPA: [ˈmʊm.bəi])— formerly Bombay, is the capital of the Indian state of Maharashtra. The city proper is the most populated city in the world with approximately 14 million people and, along with the neighbouring suburbs of Navi Mumbai and Thane, Mumbai forms the world’s 4th largest urban agglomeration with around 19 million people. Mumbai lies on the west coast of India and has a deep natural harbour. 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 manyIndian 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.
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