Mumbai formerly called Bombay, is the capital of the Indian state of Maharashtra. Mumbai, the most populous city in India, is the second most populous city in the world, with a population of approximately 14 million. Mumbai lies on the west coast of India and has a deep natural harbour. Mumbai is also the richest city in India. Mumbai is the commercial and entertainment centre of India, generating 5% of India's GDP,[8] and accounting for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to India's economy.[9] Mumbai is home to important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India and the corporate headquarters of numerous Indian companies and multinational corporations. The city also houses India's Hindi film and television industry, known as Bollywood. Mumbai's business opportunities, as well as its potential to offer a higher standard of living, attract migrants from all over India and, in turn, make the city a potpourri of many communities and cultures.
