Question

In: Economics

What role does Mumbai play in the modern Indian economy?

What role does Mumbai play in the modern Indian economy?

Solutions

Expert Solution

Indian economy is the six largest economy in the world currently at the average of the 7% GDP consistency growing the year to year.

The Mumbai city is considered as the heart of the Indian economy because of all the Financial institution, Stock market Bank, Governmentnmnet regulators headquarter is located in Mumbai.

Apart from textile industries, Automobile, Engineering other such industries exist in the city and contributing to the Indian economy.


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