How did Mumbai an important hub for financial activity in India
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The city is home to the Reserve Bank of India, the Mumbai Stock Exchange, and a variety of other major financial institutions. The government and service sectors are also important in the city's economy. ... Mumbai is th state capital of Maharashtra and the commercial capital of India. It is a historic city from centuries...
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hence mumbia is also known as commerical capital of India. Mumbai has traditional own its prosperity largely to its textile mills and its sea port till the 1980s
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