page_title: Economy of Mumbai
hierarchical_section_title: Economy of Mumbai
caption_attribution_description: The Phiroze Jeejeebhoy Towers houses the Bombay Stock Exchange.
context_page_description: Mumbai, Maharashtra is the entertainment, fashion and commercial centre of India. As of 2016 recent estimates of the economy of the Mumbai Metropolitan Region have been $368 billion ranking it either the most or second-most productive metro area of India. It is the wealthiest Indian city with a net wealth of $ 950 billion with 46000 millionaires and 26 billionaires. Mumbai accounts for slightly more than 6.16% of India's economy contributing 10% of factory employment, 30% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade and rupees 40,000 crore in corporate taxes to the Indian economy.
  Headquarters of a number of Indian financial institutions such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group, Essel Group and Reliance Industries are located in Mumbai. Most of these offices are located in downtown South Mumbai which is the nerve centre of the Indian economy. Many foreign establishments also have their branches in the South Bombay area.
  Mumbai is the world's 37th largest city by GDP.
context_section_description: Mumbai, Maharashtra is the entertainment, fashion and commercial centre of India. As of 2016 recent estimates of the economy of the Mumbai Metropolitan Region have been $368 billion (PPP metro GDP) ranking it either the most or second-most productive metro area of India. It is the wealthiest Indian city with a net wealth of $ 950 billion with 46000 millionaires and 26 billionaires. Mumbai accounts for slightly more than 6.16% of India's economy contributing 10% of factory employment, 30% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade and rupees 40,000 crore (US$10 billion) in corporate taxes to the Indian economy.
  Headquarters of a number of Indian financial institutions such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group, Essel Group and Reliance Industries are located in Mumbai. Most of these offices are located in downtown South Mumbai which is the nerve centre of the Indian economy. Many foreign establishments also have their branches in the South Bombay area.
  Mumbai is the world's 37th largest city by GDP. Mumbai was ranked among the fastest cities in India for business startup in 2009. As of 2009–10, Mumbai enjoys a Per Capita Income of $2,845. This is 16.6% higher than 2008-09 levels of $2,440. In PPP dollars, Mumbai had a Per Capita Income of $7,050 as of 2009-10 fiscal. In recent years, Mumbai has been experiencing rapid growth.
caption: Bombay Stock Exchange
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