Mumbai, formerly known as Bombay, is the commercial hub and the biggest multi-ethnic city of India. It is the most populous conurbation and the sixth most populous agglomeration in the world. The city is a major port off the Arabian Sea coast. Mumbai is also the administrative headquarters of Maharashtra.
Mumbai is the commercial and entertainment capital of India, and houses important financial institutions, such as the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE) and the corporate headquarters of many Indian companies. Up until the 1980s, Mumbai owed its prosperity largely to textile mills and the seaport, but the local economy has since been diversified to include engineering, diamond polishing, healthcare and information technology.
Must see locales in this bustling metropolis include the Gateway of India, Juhu Beach, Marine Drive, Essel World and Bollywood - The Film City (it produces the second largest number of movies in the world – next only to Hollywood). The entertainment industry is the other major employer in Mumbai. Most of Indias major television and satellite networks are headquartered in Mumbai, as well as its major publishing houses. The centre of the Hindi movie industry, Bollywood, is also located in MumbaiNearby excursions include Bassein, Elephanta Caves, Matheran and Khandala. Apart from these, there are scores of museums, libraries, literary and other cultural institutions, art galleries, and theatres.
Land prices here are comparable to that of New York and Tokyo. One–third of the income tax paid in India owes to Mumbai. Mumbai is truly multi-cultural - representatives of every religion and region of the country can be found here. Vibes of every Indian language can be felt in the air.Mumbai buildings exude an old world charm mixed with the modernity of contemporary constructions.Mumbai also has the largest slum in Asia, namely Dharavi.
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