Economy of Mumbai

Common card · No. 439920

Mumbai, often described as the "New York of India", is the country's most populous city, with an estimated city proper population of 12.5 million (1.25 crore) and the Mumbai Metropolitan Region is among the most populous Metropolitan regions in the world with a population of over 23 million (2.3 crore) , Mumbai is the financial centre and commercial capital of the country, generating 6.16 % of the total national GDP. The city is also the entertainment, cultural, fashion, and commercial centre of South Asia. Mumbai hosts the largest urban economy of any South Asian city, contributing the largest GDP share out of a US$4 trillion total Indian economy in nominal GDP terms. According to recent estimates, the Mumbai Metropolitan Region's nominal GDP is estimated to be US$277.98 billion, and its GDP (PPP) is estimated to be US$400 billion, Mumbai's GDP (PPP) per capita rounds up to around US$23,000. It is the richest Indian city and the 12th richest city in the world, with a net wealth of approximately...

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