For Mumbai Business

Mumbai, Maharashtra is the entertainment, fashion and commercial centre of India having nominal GDP of $278 Billion (till Oct 15 from 2014). It is also one of the world's top 10 centers of commerce in terms of global financial flow, Mumbai accounts for slightly more than 6.16% of India's economy contributing 10% of factory employment, 30% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade and rupees 40,000 crore (US $10 billion) in corporate taxes to the Indian economy. Headquarters of a number of Indian financial institutions such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group, Essel Group and Reliance Industries are located in Mumbai. Most of these offices are located in downtown South Mumbai which is the nerve centre of the Indian economy. Many foreign establishments also have their branches in the South Bombay area. Mumbai is the world's 29th largest city by GDP. Mumbai was ranked among the fastest cities in India for business startup in 2009. As of 2009-10, Mumbai enjoys a Per Capita Income of $2,845. This is 16.6% higher than 2008-09 levels of $2,440. In PPP dollars, Mumbai had a Per Capita Income of $7,050 as of 2009-10 fiscal. In the recent years Mumbai is experiencing rapid growth. By 2020-21 fiscal, Mumbai's GDP Per capita at PPP is expected to reach US$23,000, making it South Asia's richest city
Mumbai has traditionally owed its prosperity largely to its textile mills and its seaport till the 1980s. These are now increasingly being replaced by industries employing more skilled labor such as engineering, diamond polishing, healthcare and information technology. Mumbai is also the primary financial centre for India, both the major Indian stock exchanges (BSE and The National Stock Exchange), brokerages, asset management companies (including majority of the mutual fund...