Bollywood and Mumbai
In what ways is mumbai important as a metropolitan city?
Mumbai serves as an important economic hub of the country, contributing 10% of all factory employment, 40% of all income tax collections, 60% of all customs duty collections, 20% of all central excise tax collections, 40% of India's foreign trade and Rupees 40 billion (US$ 9 billion) in corporate taxes. Mumbai's per-capita income is Rs.48,954 which is almost three times the national average.
Many of India's numerous conglomerates (including State Bank Of India, Tata Group, Godrej and Reliance), and four of the Fortune Global 500 companies are based in Mumbai. Many foreign banks and financial institutions also have branches in this area. 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.
Mumbai’s status as the state capital means that state and central government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled labour population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics and other such blue collar professions. The port and shipping industry, too, employs many residents, directly or indirectly.
The Bandra-Kurla Complex, a modern business district, has shifted commercial concentration towards the suburbsThe media industry is another major employer in Mumbai. Most of India's major television and satellite networks, as well as its major publishing houses, are headquartered here. The centre of the Hindi movie industry, Bollywood, is located in Mumbai, and the name Bollywood is a portmanteau of Bombay and Hollywood, the center of the American film industry. Marathi television and Marathi film industry are also based in Mumbai.
Along with the rest of India, Mumbai, its commercial capital, has witnessed an economic boom since the liberalisation of
Mumbai serves as an important economic hub of the country, contributing 10% of all factory employment, 40% of all income tax collections, 60% of all customs duty collections, 20% of all central excise tax collections, 40% of India's foreign trade and Rupees 40 billion (US$ 9 billion) in corporate taxes. Mumbai's per-capita income is Rs.48,954 which is almost three times the national average.
Many of India's numerous conglomerates (including State Bank Of India, Tata Group, Godrej and Reliance), and four of the Fortune Global 500 companies are based in Mumbai. Many foreign banks and financial institutions also have branches in this area. 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.
Mumbai’s status as the state capital means that state and central government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled labour population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics and other such blue collar professions. The port and shipping industry, too, employs many residents, directly or indirectly.
The Bandra-Kurla Complex, a modern business district, has shifted commercial concentration towards the suburbsThe media industry is another major employer in Mumbai. Most of India's major television and satellite networks, as well as its major publishing houses, are headquartered here. The centre of the Hindi movie industry, Bollywood, is located in Mumbai, and the name Bollywood is a portmanteau of Bombay and Hollywood, the center of the American film industry. Marathi television and Marathi film industry are also based in Mumbai.
Along with the rest of India, Mumbai, its commercial capital, has witnessed an economic boom since the liberalisation of