Mumbai
Mumbai (Marathi: मुंबई, Mumbaī, IPA:[ˈmʊm.bəi] (help·info)), formerly Bombay, is the capital of the Indian state of Maharashtra. The city proper is the second most populous city in the world with approximately 14 million inhabitants, with the largest city proper being Shanghai.[1] Along with the neighbouring suburbs of Navi Mumbaiand 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.
In the third century BCE, the Maurya Empire transformed the seven islands of Bombay into a centre of Hindu and Buddhist culture. Then, the islands came under the control of successive indigenous empires before being ceded to Portuguese settlers and subsequently to the British East India Company. They were merged and the city was named Bombay. During the mid-18th century, it emerged as a significant trading town. Economic and educational development characterised the city during the 19th century. It became a strong base for the Indian independence movement during the early 20th century and was the epicentre of the Rowlatt Satyagraha and theRoyal Indian Navy Mutiny.[3] When India became independent in 1947, the city was incorporated into the State of Bombay. In 1960, following the Samyukta Maharashtra movement, a new state of Maharashtra was created with Bombay as the capital. It was renamed Mumbai in 1996.
Mumbai is the commercial and entertainment centre of India, generating 5% of India’s GDP,[4] and accounting for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to India’s economy.[5] 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.
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