Why is Mumbai called the economic capital of India?

Date:2023-02-15
Mumbai is India's financial and commercial capital, primarily because of the number of major financial institutions located in the city. It is home to the Reserve Bank of India, the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE) and the headquarters of various banks and corporations. Additionally, the city is a major hub for Indian economy and many foreign financial institutions and multinational companies have offices in the city. Mumbai’s vast infrastructure and transportation networks also enable goods and personnel to move seamlessly within the city, providing businesses with efficient access to resources.
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