मुंबई नो लोंगर इंडियन इकोनामिक कैपिटल आर्टिकल राइटिंग
Answers
Explanation:
Economic capital( money) is the estimated amount of money needed to cover possible losses from unexpected risk .economic capital (hereCapital means important city or Centre for finance)means which city or state has more Financial Institutions or which city generate more GDP and which city has more infrastructural facilities and more startups( that is more business starts in which city )
Till 2015 Mumbai was economic capital of India but in 2015 according to Oxford economics, Mumbai was replaced by Delhi and now in present ,Delhi is economic capital of India .
Reason for replacement of Mumbai by Delhi as economic capital of India in 2015 are as follows :
1) GDP of Delhi was more than that of Mumbai in 2015.
2) business( start-ups) is attracted towards the Delhi that is the national capital .
3)more infrastructural facilities developed in Delhi.
4) high cost economy (everything is expensive )in Mumbai is Greater disadvantage for loss of startups or for infrastructural development of Mumbai. in comparison there is low cost economy (means everything is not much expensive) in Delhi is its advantage. etc...........
economic capital is important for business startups or development of Nations.
I am ending this article with slogan " Delhi now belongs to everyone who lives in it but no one belongs to Delhi "
* "THANK YOU FOR PATIENCE READING"*