Which City Is The Financial Capital Of India? Know The City That Drives The Nation’s Economy

Financial Capital Of India:  India is the most populated country in the world, with nearly 1.5 billion people, and the nation is also the world’s fourth-largest economy, with a total GDP of USD 4.39 trillion. India has been witnessing a significant growth in its economy over the past few years. The share of credit also goes to the financial capital of India. However, do you know which indian city is regarded as the financial capital of India and why? Let’s find out.

Mumbai has always been known as the financial capital of India. The city acts as the powerhouse that drives the economy of the nation. The capital city is also known as the ‘City of Dreams,’ as it boasts one of the biggest business, trade, banking, and entertainment centres in India.

The capital of Maharashtra is the cornerstone of the Indian economy, as most of the major financial institutions and markets are found here. The headquarters of the Reserve Bank of India, which regulates money supply in the country as well as supervises the functioning of financial institutions, is situated in Mumbai. Other than that, the Bombay Stock Exchange, which is the oldest stock exchange in Asia-and the National Stock Exchange, which is among the largest stock exchanges in the world, are also situated here.

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Economically, the city generates about 13.3 per cent of India's total GDP and also significantly contributes to the nation's industrial output. It is also a key centre for banking, insurance, and corporate headquarters for many Indian and multinational companies like Reliance Industries, Tata Group, HDFC Bank, and ICICI Bank.