Financial Capital of India – Mumbai is often referred to as the “Financial Capital of India due to its economic powerhouse, a centre of culture and entertainment and a symbol of India’s economic growth. Mumbai City is located on the western coast of India. In this article, you will find the details about the reasons why is Mumbai called as “Financial Capital of India.”
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Why is Mumbai called the “Financial Capital of India”
Mumbai is known as the “Financial Capital of India,” and stands as the economic heartbeat of the nation. Here, we will explore the reasons why Mumbai is referred to as the “Financial Capital of India”.
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Largest film industry
Bollywood, the largest film industry in the world, is in the heart of Mumbai’s cultural landscape. Mumbai City acts as the epicentre of the Indian entertainment industry and helps in producing countless films and generating annual revenue.
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National Stock Exchange (NSE)
Mumbai has various major stock exchanges, such as the National Stock Exchange (NSE), one of India’s largest. Other Companies including Reliance Industries, HDFC Bank, SBI and ICICI Bank are listed on the NSE, and attract investors from around the world who desire substantial profits.
Huge Network of Airports
The Mumbai International Airport, the country’s busiest, handles a massive daily influx of passengers every year.
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Internet Connectivity Hub
Mumbai’s strategic location as an island city, nestled along the Arabian Sea is an undersea cable connecting India to the global internet network.
FAQs
Which city is known as the Financial Capital of India?
Mumbai is often referred to as the “Financial Capital of India,” and the city stands as the economic heartbeat of India.
Why is Mumbai also known as the “Commercial Capital of India”?
Mumbai acts as the “Commercial Capital of India,” due to its role in the nation’s economy. The city hosts a wide array of industries, such as information technology, electronics, chemicals, pharmaceuticals, engineering, cement and diamond cutting and polishing.