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The city receives the largest amount of foreign investment of any other city in India. Mumbai has the largest number of international companies in Asia. The Bank of America, Volkswagen, Walt Disney and many more international companies have their headquarters located in the city.

With an estimated population of around 20 million people, Mumbai is India’s biggest city and the fourth largest in the world. Mumbai is an ‘alpha’ city due to its economic importance.

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Three million people commute from surrounding areas to Mumbai for work. The population of Mumbai is constantly growing, taking the young workforce from neighbouring cities.

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Mumbai is located on the western coast of Maharashtra state in western India, bordering the Arabian Sea. The city is on a narrow peninsula (a piece of land that is almost entirely surrounded by water but is connected to the mainland on one side) on the southwest of Salsette Island, which lies between the Arabian Sea to the west, Thane Creek to the east and Vasai Creek to the north.

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The Reserve Bank of India is located in Mumbai, and so are most of the leading banks. The two largest national stock exchanges are based in the city. The Hindi film industry, known popularly as Bollywood, is India’s largest film industry and is located in Mumbai.

Major chemical, petrochemical and pharmaceutical industries have located within the city. It is also a hub for smaller businesses such as jewellery and fashion.

Mumbai is India’s commercial and financial capital, contributing around US $310 bn to its economy. It is responsible for 70 per cent of India’s maritime trade and is responsible for 25 per cent of its industrial output.