Capital of Maharashtra - Financial Capital of India

Mumbai is the capital of Maharashtra. Mumbai is widely known as the financial, commercial, and entertainment capital of India. Until 1995, Bombay was the official name of Mumbai. This article will shed more light on the financial centre of India and the state of Maharashtra.

Mumbai – Financial Centre of India

  • As per the 2011 census of India, Mumbai is the most populous city in India.
  • Mumbai lies on the Konkan coast of India.
  • In India, the city of Mumbai has the highest number of billionaires and millionaires.
  • In the entire world, Mumbai has the eighth-highest number of billionaires.
  • There are three UNESCO world heritage sites in Mumbai.
  • Around 6% of India’s GDP is generated in Mumbai.
  • Mumbai accounts for 70% of India’s maritime trade.
  • Mumbai accounts for 25% of India’s industrial output.
  • Mumbai has many top-tier research institutes and educational institutions.
  • Mumbai collects Rs 4,000 crore corporate tax.
  • Mumbai accounts for 40% of India’s foreign trade.
  • 33% of India’s income tax collection comes from Mumbai.
  • Mumbai contributes 10% of factory employment.
  • Many of India’s large business conglomerates and Fortune 500 global companies are based out of Mumbai.
  • The important industries contributing to the economy of Mumbai are entertainment, automobiles, electronics manufacturing, petrochemicals, textiles, Information Technology (I.T.), leather processing, gems and jewellery, and finance.
  • The major financial centres of Mumbai are Bandra Kurla Complex and Nariman Point.
  • Bombay Stock Exchange (BSE) is located in Mumbai. BSE is the oldest stock exchange in Asia.

Maharashtra – A Brief Overview

  • In India, Maharashtra is the third largest state by area.
  • Maharashtra is the second-most populous state in India.
  • Marathi is the official language of Maharashtra.
  • There are 36 districts in Maharashtra.
  • Two important rivers – river Godavari, and river Krishna flow through Maharashtra.
  • The Arabian sea is to the west of Maharashtra.
  • The neighbouring states of Maharashtra are Karnataka, Goa, Gujarat, Madhya Pradesh, Chhattisgarh, and Telangana.
  • The union territory of Dadra and Nagar Haveli and Daman and Diu lies to the northwest of Maharashtra.

Frequently Asked Questions (FAQs)

Is Nagpur the capital of Maharashtra?

Mumbai is the capital of Maharashtra. Nagpur is the winter capital of the state of Maharashtra. Nagpur is the third largest city in Maharashtra. Nagpur is popularly known as the “Orange City”.

How many capitals does Maharashtra have?

Maharashtra has two capitals – Mumbai and Nagpur. Mumbai is the main capital of Maharashtra. Nagpur is the winter capital of Maharashtra. As Mumbai is located around 1,000 km away from Vidarbha, people of this region had apprehensions about whether fair treatment and development would be done in Vidarbha. Hence, Nagpur was chosen as the second capital. Assembly sessions are held in Nagpur during the winter session to address the concerns of the people of the Vidarbha region.

What is the capital of Goa?

Panaji is the capital of Goa.Panaji is the largest Urban Agglomeration in Goa. Panaji is located on the banks of the Mandovi river. In 1961, India liberated Panaji and the rest of Goa from Portuguese occupation. Panaji was the capital of Portuguese India. Panaji was the capital of the union territory of Goa, Daman and Diu from 1961 to 1981.

What is the capital of Gujarat?

Gandhinagar is the capital of Gujarat. Ahmedabad was the capital of Gujarat from 1960 to 1970. Later on, the capital was shifted to Gandhinagar. Ahmedabad is the largest city in Gujarat.

What is the capital of Kerala?

Thiruvananthapuram is the capital of Kerala. Trivandrum is the other name of the capital of Kerala. Thiruvananthapuram is a major Information Technology hub in Kerala. Thiruvananthapuram is a major tourist destination in Kerala. The Southern Air Command headquarters of the Indian Air Force is in Thiruvananthapuram. Mahatma Gandhi had referred to Thiruvananthapuram as an “evergreen city of India.”.

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