Mumbai is one of the world’s top 10 centres of commerce in terms of global financial flow, generating 5% of India’s GDP, and accounting for 25% of industrial output, 70% of maritime trade in India (Mumbai Port Trust & JNPT), and 70% of capital transactions to India’s economy. The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations. It is also home to some of India’s premier scientific and nuclear institutes like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Depart¬ment of Atomic Energy. 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 melting pot of many communities and cultures.
Mumbai is one of the biggest contributors to the GDP of Indian economy. Many of India’s numerous conglomerates (including Larsen and Toubro, State Bank of India, Life Insurance Corporation of India, Tata Group, Godrej, Reliance, BSE, NSE) and few of the Fortune Global 500 companies are based in Mumbai. Many foreign banks and financial institu-tions also have branches in this city, with the World Trade Centre being the most prominent one. Mumbai is well connected by suburban railway and BEST bus services which account for about 88% of the passenger traffic. It has well developed infrastructure facilities. Mumbai, thus, provides a numerous opportunities to build lucrative careers.