Why is Mumbai called the Commercial capital of India?

Question

Most precise answer gets 10 pts.

Answer 1

Mumbai is called the commercial capital of India,because Mumbai houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, and the corporate headquarters of many Indian companies. Owing to the immense business opportunities available in Mumbai and the relatively high standard of living, it has attracted migrants from all over India and South Asia, making the city a potpourri of various communities and cultures. Within Mumbai is located Bollywood, the epicentre of the country's Hindi film and television industry, producing the world's highest number of films annually. Mumbai is also one of the rare cities to accommodate a National Park within its municipal limits.

Answer 2

It has got both the main stock exchanges>>>>the BSE and the NSE.It houses the most important bank offices in Bandra.All money transactions, stocks and shares etc.take place in mumbai.The entire economy of India depends upon the status of stocks at the stock exchanges.Since Mumbai is a port, lots of commercial exchange takes place between India and other countries.Import and Export of goods is a common phenomenon.Mumbai houses the Indian Film Industry that churns out so much revenue every year for India.There are also several rich business magnets that control the economy of the nation from Mumbai.Also it has got all the co-operate houses which bring in loads of revenue along with providing employement for those in need of jobs.Hence Mumbai is called the Commercial capital of India.

Answer 3

Being the biggest commercial place in India and having a spacious and easily accesible dock for import and export for the whole of India.