Mumbai, formerly Bombay, is the capital of the Indian state of Maharashtra. With an estimated population of thirteen million, it is the most populous city in the world. Along with the neighbouring suburbs of Navi Mumbai and Thane, it forms, at nineteen million, the world's fifth most populous metropolitan area. Mumbai lies on the west coast of India and has a deep natural harbour. Mumbai's port handles over half of India's maritime cargo.
Mumbai is the commercial and entertainment center of India, generating 5% of India's GDP and accounting for 25 per cent of industrial output, forty per cent of maritime trade, and seventy per cent of capital transactions to India's economy.Mumbai is one of the world's top ten centers of commerce by global financial flow, home to such important financial institutions as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India and the corporate headquarters of many Indian companies and numerous multinational corporations. The city also houses India's Hindi film and television industry, known as Bollywood. Mumbai's business opportunities, as well as its high standard of living, attract migrants from all over India and, in turn, make the city a potpourri of many communities and cultures.
There is evidence to believe that Aurangabad was developed as a trading hub four centuries ago. It lies on a major trade route that used to connect north-west India's sea and land ports to the Deccan region. Pharmaceuticals, steel recycling, auto parts manufacturing, and beverage production (soft drinks and beer in particular) are major industries.
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