Question

Describe the work in the city of Bombay?

Answer 1

mumbai, Maharashtra is the entertainment, fashion and commercial centre of India having a GDP of $278 Billion as of 2015).It is also one of the world's top 10 centres of commerce in terms of global financial flow,[1]Mumbai accounts for slightly more than 6.16% of India's economy contributing 10% of factory employment, 30% of income taxcollections, 60% of customs duty collections, 20% of central excise tax collections, 40% offoreign trade and rupees 40,000 crore (US $10 billion) in corporate taxes to the Indian economy.[2] 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.[3] Mumbai was ranked among the fastest cities in India for business startup in 2009.[4] 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 [5]