Mumbai is the undisputed financial capital of India, generating over 6% of the national GDP, accounting for roughly 70% of maritime trade, and processing 70% of capital transactions in the country. It is home to India’s premier financial institutions, including the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the Securities and Exchange Board of India (SEBI).
The city serves as the corporate headquarters for numerous Indian conglomerates (such as the Tata Group, Reliance Industries, and Aditya Birla Group) and houses the regional offices of countless multinational corporations. Despite this immense wealth generation, the cost of living—particularly real estate—is among the highest in the developing world, leading to a stark economic divide.