ECONOMY OF MUMBAI

Besides being the financial & commercial capital, it has one of the largest cotton textile industries in the country. The biggest & busiest port in India. It has the largest source of oil and natural Gas. The largest stock exchange in India, and third largest exchange in the world! Mumbai is also the capital of India's Pharmaceutical Trade and Industry The city is a transit point- manufactured medicines come into the city from all over India and are stored in what are called central depots from where they are redistributed all over the country. Many multinationals & mega corporate head offices are located here, and the largest motion picture Industry in the world is here! The city is known for creating wealth, from the busy business tycoons to the beggars in the street everyone gets his share of the pie. 40% of India's GNP, is generated from this city. Its port handles 50% of the country's foreign trade. 40% of India's textile industry, and its citizens pay 1/3 of India's Income tax! Majorities of the people here are Hindus, followed by Muslims, Parsis, & Christians. The city has a growing population of 15 million. Due to the high level of congestion, population has grown in the suburbs and in Navi Mumbai particularly The city attracts a large number of migrants from the state and other parts of the country, specially from rural states.