Mumbai Tour Package
Mumbai (formerly called Bombay) is a densely populated city on India’s west coast. A financial center, it’s India’s largest city. On the Mumbai Harbour waterfront stands the iconic Gateway of India stone arch, built by the British Raj in 1924. Offshore, nearby Elephanta Island holds ancient cave temples dedicated to the Hindu god Shiva. The city’s also famous as the heart of the Bollywood film industry.
Mumbai Tour Package
“Bombay” redirects here. For оther uses, see Bombay For other uses, see Mumbai
Clockwise from top: Cuffe Parade skyline, the Gateway of India, Taj Mahal Palace Hotel, Chhatrapati Shivaji Terminus and the Bandra–Worli Sea Link.
Clockwise from top: Cuffe Parade skyline, the Gateway of India, Taj Mahal Palace Hotel, Chhatrapati Shivaji Terminus and the Bandra–Worli Sea Link.
Nickname(s): City of Seven Islands, City of Dreams, Gateway to India, Hollywood of India
Mumbai is located in Maharashtra Mumbai
Coordinates: 18°58′30″N 72°49′33″
ECoordinates: 18°58′30″N 72°49′33″E
District Mumbai City
First settled 1507
Named for Mumbadevi
- Type Mayor–Council
- Body MCGM
- Mayor Vishwanath Mahadeshwar
- Municipal commissioner Ajoy Mehta Area
- Megacity 603 km2 (233 sq mi)
- Metro 4,355 km2 (1,681.5 sq mi)
Elevation 14 m (46 ft)
- Megacity 12,442,373
- Rank 1st
- Density 21,000/km2 (53,000/sq mi)
- Metro 18,414,288
20,748,395 (Extended UA)
- Metro Rank 1st
Time zone IST (UTC+5:30)
PIN code(s) 400 001 to 400 107
Area code(s) +91-22
Vehicle registration MH-01 (Central), MH-02 (West), MH-03 (East), MH-47 (North)
GDP/PPP $368 billion (Metro area, 2015)
Official language Marathi
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Mumbai (/mʊmˈbaɪ/; also known as Bombay, the official name until 1995) is the capital city of the Indian state of Maharashtra. It is the most populous city in India and the ninth most populous agglomeration in the world, with an estimated city population of 18.4 million. Along with the neighbouring regions of the Mumbai Metropolitan Region, it is one of the most populous urban regions in the world and the second most populous metropolitan area in India, with a population of 20.7 million as of 2011. Mumbai lies on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It is also the wealthiest city in India, and has the highest GDP of any city in South, West, or Central Asia. Mumbai has the highest number of billionaires and millionaires among all cities in India,
The seven islands that came to constitute Mumbai were home to communities of fishing colonies. For centuries, the islands were under the control of successive indigenous empires before being ceded to the Portuguese and subsequently to the British East India Company when in 1661 King Charles II married the Portuguese Catherine of Braganza, and as part of her dowry Charles received the ports of Tangier and seven islands of Bombay. During the mid-18th century, Bombay was reshaped by the Hornby Vellard project, which undertook reclamation of the area between the seven islands from the sea. Along with construction of major roads and railways, the reclamation project, completed in 1845, transformed Bombay into a major seaport on the Arabian Sea. Bombay in the 19th century was characterised by economic and educational development. During the early 20th century it became a strong base for the Indian independence movement. Upon India’s independence in 1947 the city was incorporated into Bombay State. In 1960, following the Samyukta Maharashtra movement, a new state of Maharashtra was created with Bombay as the capital.
Mumbai is the financial, commercial and entertainment capital of India. It is also one of the world’s top ten centres of commerce in terms of global financial flow, generating 6.16% of India’s GDP and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust and JNPT), and 70% of capital transactions to India’s economy. The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations. It is also home to some of India’s premier scientific and nuclear institutes like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Department of Atomic Energy. The city also houses India’s Hindi (Bollywood) and Marathi film and television industry. Mumbai’s business opportunities, as well as its potential to offer a higher standard of living, attract migrants from all over India, making the city a melting pot of many communities and cultures.
2.1 Early history
2.2 Portuguese and British rule
2.3 Independent India
5 Civic administration
7.1 Public transport
8 Utility services
10.1 Ethnic groups and religions
13.2 Higher education
15 See also
18 External links
The name Mumbai is derived from Mumbā or Mahā-Ambā—the name of the patron goddess (Kuladevi) Mumbadevi of the native Agri, Koli and Somvanshi Kshatriya communities— and ā’ī meaning “mother” in the Marathi language, which is the mother tongue of the kolis and the official language of Maharashtra.
The temple of local Hindu goddess Mumbadevi, from whom the city of Mumbai derives its name
The oldest known names for the city are Kakamuchee and Galajunkja; these are sometimes still used. In 1508, Portuguese writer Gaspar Correia used the name Bombaim, in his Lendas da Índia (“Legends of India”).This name possibly originated as the Old Portuguese phrase bom baim, meaning “good little bay”, and Bombaim is still commonly used in Portuguese. In 1516, Portuguese explorer Duarte Barbosa used the name Tana-Maiambu: Tana appears to refer to the adjoining town of Thane and Maiambu to Mumbadevi.
Other variations recorded in the 16th and the 17th centuries include: Mombayn (1525), Bombay (1538), Bombain (1552), Bombaym (1552), Monbaym (1554), Mombaim (1563), Mombaym (1644), Bambaye (1666), Bombaiim (1666), Bombeye (1676), Boon Bay (1690), and Bon Bahia. After the English gained possession of the city in the 17th century, the Portuguese name was anglicised as Bombay. Ali Muhammad Khan, imperial diwan or revenue minister of the Gujarat province, in the Mirat-i-Ahmedi (1762) referred to the city as Manbai.
By the late 20th century, the city was referred to as Mumbai or Mambai in the Indian statewise official languages of Marathi, Konkani, Gujarati, Kannada and Sindhi, and as Bambai in Hindi. The Government of India officially changed the English name to Mumbai in November 1995. This came at the insistence of the Marathi nationalist Shiv Sena party, which had just won the Maharashtra state elections, and mirrored similar name changes across the country and particularly in Maharashtra. According to Slate magazine, “they argued that ‘Bombay’ was a corrupted English version of ‘Mumbai’ and an unwanted legacy of British colonial rule.” Slate also said “The push to rename Bombay was part of a larger movement to strengthen Marathi identity in the Maharashtra region.” While the city is still referred to as Bombay by some of its residents and by Indians from other regions, mention of the city by a name other than Mumbai has been controversial, resulting in emotional outbursts sometimes of a violently political nature.
A resident of Mumbai is called mumbaikar in the Marathi language, in which the suffix kar means resident of. The term has been in use for quite some time but it gained popularity after the official name change to Mumbai.
Main articles: History of Mumbai and Timeline of Mumbai history
A white Buddhist stupa.
Kanheri Caves served as a centre of Buddhism in Western India during ancient times
Mumbai is built on what was once an archipelago of seven islands: Bombay Island, Parel, Mazagaon, Mahim, Colaba, Worli, and Old Woman’s Island (also known as Little Colaba). It is not exactly known when these islands were first inhabited. Pleistocene sediments found along the coastal areas around Kandivali in northern Mumbai suggest that the islands were inhabited since the Stone Age. Perhaps at the beginning of the Common era (2,000 years ago), or possibly earlier, they came to be occupied by the Koli fishing community.
In the third century BCE, the islands formed part of the Maurya Empire, during its expansion in the south, ruled by the Buddhist emperor, Ashoka of Magadha. The Kanheri Caves in Borivali were excavated in the mid-third century BCE, and served as an important centre of Buddhism in Western India during ancient Times. The city then was known as Heptanesia (Ancient Greek: A Cluster of Seven Islands) to the Greek geographer Ptolemy in 150 CE. The Mahakali Caves in Andheri were built between the 1st century BCE and the 6th century CE.
Between the second century BCE and ninth century CE, the islands came under the control of successive indigenous dynasties: Satavahanas, Western Kshatrapas, Abhiras, Vakatakas, Kalachuris, Konkan Mauryas, Chalukyas and Rashtrakutas, before being ruled by the Silhara dynasty from 810 to 1260. Some of the oldest edifices in the city built during this period are, Jogeshwari Caves (between 520 and 525), Elephanta Caves (between the sixth to seventh century),Walkeshwar Temple (10th century), and Banganga Tank (12th century).
The Haji Ali Dargah was built in 1431, when Mumbai was under the rule of the Gujarat Sultanate
King Bhimdev founded his kingdom in the region in the late 13th century and established his capital in Mahikawati (present day Mahim). The Pathare Prabhus, among the earliest known settlers of the city, were brought to Mahikawati from Saurashtra in Gujarat around 1298 by Bhimdev.The Delhi Sultanate annexed the islands in 1347–48 and controlled it until 1407. During this time, the islands were administered by the Muslim Governors of Gujarat, who were appointed by the Delhi Sultanate.
The islands were later governed by the independent Gujarat Sultanate, which was established in 1407. The Sultanate’s patronage led to the construction of many mosques, prominent being the Haji Ali Dargah in Worli, built in honour of the Muslim saint Haji Ali in 1431. From 1429 to 1431, the islands were a source of contention between the Gujarat Sultanate and the Bahamani Sultanate of Deccan. In 1493, Bahadur Khan Gilani of the Bahamani Sultanate attempted to conquer the islands but was defeated.
Portuguese and British rule
Main articles: History of Bombay under Portuguese rule (1534–1661) and History of Bombay under British rule
The Madh Fort built by the Portuguese, was one of the most important forts in Salsette.
The Mughal Empire, founded in 1526, was the dominant power in the Indian subcontinent during the mid-16th century. Growing apprehensive of the power of the Mughal emperor Humayun, Sultan Bahadur Shah of the Gujarat Sultanate was obliged to sign the Treaty of Bassein with the Portuguese Empire on 23 December 1534. According to the treaty, the seven islands of Bombay, the nearby strategic town of Bassein and its dependencies were offered to the Portuguese. The territories were later surrendered on 25 October 1535.
The Portuguese were actively involved in the foundation and growth of their Roman Catholic religious orders in Bombay. They called the islands by various names, which finally took the written form Bombaim. The islands were leased to several Portuguese officers during their regime. The Portuguese Franciscans and Jesuits built several churches in the city, prominent being the St. Michael’s Church at Mahim (1534), St. John the Baptist Church at Andheri (1579), St. Andrew’s Church at Bandra (1580), and Gloria Church at Byculla (1632). The Portuguese also built several fortifications around the city like the Bombay Castle, Castella de Aguada (Castelo da Aguada or Bandra Fort), and Madh Fort. The English were in constant struggle with the Portuguese vying for hegemony over Bombay, as they recognised its strategic natural harbour and its natural isolation from land-attacks. By the middle of the 17th century the growing power of the Dutch Empire forced the English to acquire a station in western India. On 11 May 1661, the marriage treaty of Charles II of England and Catherine of Braganza, daughter of King John IV of Portugal, placed the islands in possession of the English Empire, as part of Catherine’s dowry to Charles. However, Salsette, Bassein, Mazagaon, Parel, Worli, Sion, Dharavi, and Wadala still remained under Portuguese possession. From 1665 to 1666, the English managed to acquire Mahim, Sion, Dharavi, and Wadala.
Two views of the English fort in Bombay, c. 1665
In accordance with the Royal Charter of 27 March 1668, England leased these islands to the English East India Company in 1668 for a sum of £10 per annum. The population quickly rose from 10,000 in 1661, to 60,000 in 1675. The islands were subsequently attacked by Yakut Khan, the Siddi admiral of the Mughal Empire, in October 1672, Rickloffe van Goen, the Governor-General of Dutch India on 20 February 1673, and Siddi admiral Sambal on 10 October 1673.
In 1687, the English East India Company transferred its headquarters from Surat to Bombay. The city eventually became the headquarters of the Bombay Presidency. Following the transfer, Bombay was placed at the head of all the company’s establishments in India. Towards the end of the 17th century, the islands again suffered incursions from Yakut Khan in 1689–90. The Portuguese presence ended in Bombay when the Marathas under Peshwa Baji Rao I captured Salsette in 1737, and Bassein in 1739. By the middle of the 18th century, Bombay began to grow into a major trading town, and received a huge influx of migrants from across India. Later, the British occupied Salsette on 28 December 1774. With the Treaty of Surat (1775), the British formally gained control of Salsette and Bassein, resulting in the First Anglo-Maratha War. The British were able to secure Salsette from the Marathas without violence through the Treaty of Purandar (1776), and later through the Treaty of Salbai (1782), signed to settle the outcome of the First Anglo-Maratha War.
Ships in Bombay Harbour (c. 1731). Bombay emerged as a significant trading town during the mid-18th century.
From 1782 onwards, the city was reshaped with large-scale civil engineering projects aimed at merging all the seven islands into a single amalgamated mass. This project, known as Hornby Vellard, was completed by 1784. In 1817, the British East India Company under Mountstuart Elphinstone defeated Baji Rao II, the last of the Maratha Peshwa in the Battle of Khadki. Following his defeat, almost the whole of the Deccan came under British suzerainty, and was incorporated into the Bombay Presidency. The success of the British campaign in the Deccan marked the end of all attacks by native powers.
By 1845, the seven islands coalesced into a single landmass by the Hornby Vellard project via large scale land reclamation. On 16 April 1853, India’s first passenger railway line was established, connecting Bombay to the neighbouring town of Thana (now Thane). During the American Civil War (1861–1865), the city became the world’s chief cotton-trading market, resulting in a boom in the economy that subsequently enhanced the city’s stature.
The opening of the Suez Canal in 1869 transformed Bombay into one of the largest seaports on the Arabian Sea. In September 1896, Bombay was hit by a bubonic plague epidemic where the death toll was estimated at 1,900 people per week. About 850,000 people fled Bombay and the textile industry was adversely affected. As the capital of the Bombay Presidency, the city witnessed the Indian independence movement, with the Quit India Movement in 1942 and The Royal Indian Navy Mutiny in 1946 being its most notable events.
Main article: History of Bombay in Independent India
Victoria Terminus, Bombay in 1950
After India’s independence in 1947, the territory of the Bombay Presidency retained by India was restructured into Bombay State. The area of Bombay State increased, after several erstwhile princely states that joined the Indian union were integrated into the state. Subsequently, the city became the capital of Bombay State. On April 1950, Municipal limits of Bombay were expanded by merging the Bombay Suburban District and Bombay City to form the Greater Bombay Municipal Corporation.
The Samyukta Maharashtra movement to create a separate Maharashtra state including Bombay was at its height in the 1950s. In the Lok Sabha discussions in 1955, the Congress party demanded that the city be constituted as an autonomous city-state. The States Reorganisation Committee recommended a bilingual state for Maharashtra–Gujarat with Bombay as its capital in its 1955 report. Bombay Citizens’ Committee, an advocacy group of leading Gujarati industrialists lobbied for Bombay’s independent status.
Following protests during the movement in which 105 people lost their lives in clashes with the police, Bombay State was reorganised on linguistic lines on 1 May 1960. Gujarati-speaking areas of Bombay State were partitioned into the state of Gujarat. Maharashtra State with Bombay as its capital was formed with the merger of Marathi-speaking areas of Bombay State, eight districts from Central Provinces and Berar, five districts from Hyderabad State, and numerous princely states enclosed between them. As a memorial to the martyrs of the Samyukta Maharashtra movement, Flora Fountain was renamed as Hutatma Chowk (Martyr’s Square), and a memorial was erected.
A stone statue of torch-bearers as seen at night. A fountain with a white base is in the background
The Hutatma Chowk memorial, built to honour the martyrs of the Samyukta Maharashtra movement (Flora Fountain is on its left in the background.)
The following decades saw massive expansion of the city and its suburbs. In the late 1960s, Nariman Point and Cuffe Parade were reclaimed and developed. The Bombay Metropolitan Region Development Authority (BMRDA) was established on 26 January 1975 by the Government of Maharashtra as an apex body for planning and co-ordination of development activities in the Bombay metropolitan region. In August 1979, a sister township of New Bombay was founded by the City and Industrial Development Corporation (CIDCO) across the Thane and Raigad districts to help the dispersal and control of Bombay’s population. The textile industry in Bombay largely disappeared after the widespread 1982 Great Bombay Textile Strike, in which nearly 250,000 workers in more than 50 textile mills went on strike. Mumbai’s defunct cotton mills have since become the focus of intense redevelopment.
The Jawaharlal Nehru Port, which currently handles 55–60% of India’s containerised cargo, was commissioned on 26 May 1989 across the creek at Nhava Sheva with a view to de-congest Bombay Harbour and to serve as a hub port for the city. The geographical limits of Greater Bombay were coextensive with municipal limits of Greater Bombay. On 1 October 1990, the Greater Bombay district was bifurcated to form two revenue districts namely, Bombay City and Bombay Suburban, though they continued to be administered by same Municipal Administration.
From 1990 to 2010, there has been an increase in violence in the hitherto largely peaceful city. Following the demolition of the Babri Masjid in Ayodhya, the city was rocked by the Hindu-Muslim riots of 1992–93 in which more than 1,000 people were killed. On 12 March 1993, a series of 13 co-ordinated bombings at several city landmarks by Islamic extremists and the Bombay underworld resulted in 257 deaths and over 700 injuries. In 2006, 209 people were killed and over 700 injured when seven bombs exploded on the city’s commuter trains. In 2008, a series of ten coordinated attacks by armed terrorists for three days resulted in 173 deaths, 308 injuries, and severe damage to several heritage landmarks and prestigious hotels. The blasts that occurred at the Opera House, Zaveri Bazaar, and Dadar on 13 July 2011 were the latest in the series of terrorist attacks in Mumbai.
Mumbai is the commercial capital of India and has evolved into a global financial hub. For several decades it has been the home of India’s main financial services, and a focus for both infrastructure development and private investment.From being an ancient fishing community and a colonial centre of trade, Mumbai has become South Asia’s largest city and home of the world’s most prolific film industry.
Main article: Geography of Mumbai
See also: South Mumbai, Western Suburbs (Mumbai), Eastern Suburbs (Mumbai), and List of neighbourhoods in Mumbai
Mumbai is on a narrow peninsula on the southwest of Salsette Island, which lies between the Arabian Sea to the west, Thane Creek to the east, and Vasai Creek to the north. Mumbai’s suburban district occupies most of the island. Navi Mumbai is east of Thane Creek, and the Thane District is north of Vasai Creek.
Mumbai consists of two revenue districts
Mumbai consists of two distinct regions: Mumbai City district and Mumbai Suburban district, which form two separate revenue districts of Maharashtra.
The city district region is also commonly referred to as the Island City or South Mumbai. The total area of Mumbai is 603.4 km2 (233 sq mi). Of this, the island city spans 67.79 km2 (26 sq mi), while the suburban district spans 370 km2 (143 sq mi), together accounting for 437.71 km2 (169 sq mi) under the administration of Municipal Corporation of Greater Mumbai (MCGM). The remaining areas belong to various Defence establishments, the Mumbai Port Trust, the Atomic Energy Commission and the Borivali National Park, which are out of the jurisdiction of the MCGM. The Mumbai Metropolitan Region which includes portions of Thane, Palghar and Raigad districts in addition to Greater Mumbai, covers an area of 4,355 km2 (1681.5 sq mi).
Mumbai lies at the mouth of the Ulhas River on the western coast of India, in the coastal region known as the Konkan. It sits on Salsette Island (Sashti Island), which it partially shares with the Thane district. Mumbai is bounded by the Arabian Sea to the west. Many parts of the city lie just above sea level, with elevations ranging from 10 m (33 ft) to 15 m (49 ft); the city has an average elevation of 14 m (46 ft). Northern Mumbai (Salsette) is hilly, and the highest point in the city is 450 m (1,476 ft) at Salsette in the Powai–Kanheri ranges. The Sanjay Gandhi National Park (Borivali National Park) is located partly in the Mumbai suburban district, and partly in the Thane district, and it extends over an area of 103.09 km2 (39.80 sq mi).
Apart from the Bhatsa Dam, there are six major lakes that supply water to the city: Vihar, Lower Vaitarna, Upper Vaitarna, Tulsi, Tansa and Powai. Tulsi Lake and Vihar Lake are located in Borivili National Park, within the city’s limits. The supply from Powai lake, also within the city limits, is used only for agricultural and industrial purposes. Three small rivers, the Dahisar River, Poinsar (or Poisar) and Ohiwara (or Oshiwara) originate within the park, while the polluted Mithi River originates from Tulsi Lake and gathers water overflowing from Vihar and Powai Lakes. The coastline of the city is indented with numerous creeks and bays, stretching from the Thane creek on the eastern to Madh Marve on the western front. The eastern coast of Salsette Island is covered with large mangrove swamps, rich in biodiversity, while the western coast is mostly sandy and rocky.
Soil cover in the city region is predominantly sandy due to its proximity to the sea. In the suburbs, the soil cover is largely alluvial and loamy. The underlying rock of the region is composed of black Deccan basalt flows, and their acidic and basic variants dating back to the late Cretaceous and early Eocene eras. Mumbai sits on a seismically active zone owing to the presence of 23 fault lines in the vicinity. The area is classified as a Seismic Zone III region, which means an earthquake of up to magnitude 6.5 on the Richter magnitude scale may be expected.
The average temperature ranges between 23 °C (73 °F) in January to 30 °C (86 °F) in May. Rainfall is at or near zero from November through May, then quickly rises to a peak of about 600 mm (23.62 in) in July, falling back more gradually.
Average temperature and precipitation in Mumbai
Main article: Climate of Mumbai
Mumbai has a tropical climate, specifically a tropical wet and dry climate (Aw) under the Köppen climate classification, with seven months of dryness and peak of rains in July. The cooler season from December to February is followed by the summer season from March to June. The period from June to about the end of September constitutes the south-west monsoon season, and October and November form the post-monsoon season.
Between June and September, the south west monsoon rains lash the city. Pre-monsoon showers are received in May. Occasionally, north-east monsoon showers occur in October and November. The maximum annual rainfall ever recorded was 3,452 mm (136 in) for 1954. The highest rainfall recorded in a single day was 944 mm (37 in) on 26 July 2005. The average total annual rainfall is 2,146.6 mm (85 in) for the Island City, and 2,457 mm (97 in) for the suburbs.
The average annual temperature is 27.2 °C (81 °F), and the average annual precipitation is 2,167 mm (85 in). In the Island City, the average maximum temperature is 31.2 °C (88 °F), while the average minimum temperature is 23.7 °C (75 °F). In the suburbs, the daily mean maximum temperature range from 29.1 °C (84 °F) to 33.3 °C (92 °F), while the daily mean minimum temperature ranges from 16.3 °C (61 °F) to 26.2 °C (79 °F). The record high is 42.2 °C (108 °F) set on 14 April 1952, and the record low is 7.4 °C (45 °F) set on 27 January 1962.
Climate data for Mumbai
Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Record high °C (°F) 37.1
Average high °C (°F) 30.7
Average low °C (°F) 16.8
Record low °C (°F) 7.4
Average rainfall mm (inches) 0.6
Average rainy days 0.1 0.1 0.0 0.1 0.7 14.5 23.2 21.4 14.4 3.0 1.0 0.4 78.9
Average relative humidity (%) 69 67 69 71 70 80 86 86 83 78 71 69 75
Mean monthly sunshine hours 269.5 257.6 274.3 283.7 296.2 148.6 73.4 75.9 165.1 240.2 245.8 253.2 2,583.5
Source #1: India Meteorological Department (Period 1961–1990, record high and low up to 2010)
Source #2: NOAA (humidity, sun 1971–1990)
Main article: Economy of Mumbai
The Bombay Stock Exchange is the oldest stock exchange in Asia.
Mumbai is India’s largest city (by population) and is the financial and commercial capital of the country as it generates 6.16% of the total GDP. It serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India’s foreign trade and 4,000 crore (US$620 million) in corporate taxes. Along with the rest of India, Mumbai has witnessed an economic boom since the liberalisation of 1991, the finance boom in the mid-nineties and the IT, export, services and outsourcing boom in 2000s. Although Mumbai had prominently figured as the hub of economic activity of India in the 1990s, the Mumbai Metropolitan Region is presently witnessing a reduction in its contribution to India’s GDP.
As of 2015, Mumbai’s metro area GDP (PPP) was estimated at $368 billion. Many of India’s numerous conglomerates (including Larsen & Toubro, State Bank of India (SBI), Life Insurance Corporation of India (LIC), Tata Group, Godrej and Reliance), and five of the Fortune Global 500 companies are based in Mumbai. This is facilitated by the presence of the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE), and financial sector regulators such as the Securities and Exchange Board of India (SEBI).
Until the 1970s, Mumbai owed its prosperity largely to textile mills and the seaport, but the local economy has since then diversified to include finance, engineering, diamond-polishing, healthcare and information technology. The key sectors contributing to the city’s economy are: finance, gems & jewellery, leather processing, IT and ITES, textiles, and entertainment. Nariman Point and Bandra Kurla Complex (BKC) are Mumbai’s major financial centres. Despite competition from Bangalore, Hyderabad and Pune, Mumbai has carved a niche for itself in the information technology industry. The Santacruz Electronic Export Processing Zone (SEEPZ) and the International Infotech Park (Navi Mumbai) offer excellent facilities to IT companies.
State and central government employees make up a large percentage of the city’s workforce. Mumbai also has a large unskilled and semi-skilled self-employed population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics and other such blue collar professions. The port and shipping industry is well established, with Mumbai Port being one of the oldest and most significant ports in India. Dharavi, in central Mumbai, has an increasingly large recycling industry, processing recyclable waste from other parts of the city; the district has an estimated 15,000 single-room factories.
Mumbai has been ranked sixth among top ten global cities on the billionaire count with 28 and 46000 millionaires, with total wealth around $820 billion48th on the Worldwide Centres of Commerce Index 2008, seventh in the list of “Top Ten Cities for Billionaires” by Forbes magazine (April 2008), and first in terms of those billionaires’ average wealth. As of 2008, the Globalization and World Cities Study Group (GaWC) has ranked Mumbai as an “Alpha world city”, third in its categories of Global cities. Mumbai is the third most expensive office market in the world, and was ranked among the fastest cities in the country for business startup in 2009.
Headquarters of the Municipal Corporation of Greater Mumbai (MCGM). The MCGM is the largest civic organisation in the country.
Greater Mumbai, an area of 603 square kilometres (233 sq mi), consisting of the Mumbai City and Mumbai Suburban districts, extends from Colaba in the south, to Mulund and Dahisar in the north, and Mankhurd in the east. Its population as per the 2011 census was 12,442,373.
It is administered by the Municipal Corporation of Greater Mumbai (MCGM) (sometimes referred to as the Brihanmumbai Municipal Corporation), formerly known as the Bombay Municipal Corporation (BMC). The MCGM is in charge of the civic and infrastructure needs of the metropolis. The Mayor is chosen through indirect election by the councillors from among themselves for a term of two and half years.