Overview
Mumbai, formerly known as Bombay, is a major financial center in India and historically served as a key financial hub during the British Raj.
Historical Significance
- British Raj Era: Mumbai was the ancient financial center of the British Raj before India gained independence.
Modern Financial Role
- Current Status: Mumbai continues to be one of the primary financial centers in India.
- Comparison with Global Centers: Unlike other major financial hubs such as New York, Singapore, London, Hong Kong, and Chicago, Mumbai does not serve a specialized financial role on a global scale but remains significant in the Indian and regional context.
Related Entities
- Other Financial Centers:
- Historical Context: British Raj
Tags
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