Mumbai is the commercial capital of the country, contributing 10% of factory employment, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India's foreign trade and rupees 40,000 crore (US $9 billion) in corporate taxes. Headquarters of a number of Indian financial institutions such as the Bombay Stock Exchange, Reserve Bank of India, National Stock Exchange, the Mint, as well as numerous Indian companies such as the Tata Group and Reliance are located in Mumbai. Most of these offices are located in downtown South Mumbai which is the nerve centre of the Indian economy. Many foreign establishments also have their branches in the South Bombay area. Mumbai, formerly known as Bombay, is the capital of the Indian state of Maharashtra and the most populous Indian city. ... Income tax is a direct tax which is levied on the income of private individuals. ... Customs is the plural of custom, a common practice among a group of people. ... An excise is an indirect tax or duty levied on items within a country. ... International trade is defined as trade between two or more partners from different countries (an exporter and an importer). ... The Reserve Bank of India (RBI) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. ... The National Stock Exchange of India, also known as NSE, is one of largest and advanced stock markets in India. ... South Mumbai South Mumbai (also referred to as South Bombay) is a geographic region in the city of Mumbai, India. ...

Occupations

Mumbai has traditionally owed its prosperity largely to its textile mills and its seaport till the 1980s. This has now been replaced by industries employing more skilled labour such as engineering, diamond polishing, healthcare and information technology. As Mumbai is the state capital, government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled labour population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics and other such proletarian professions. The port and shipping industry too employs many residents directly and indirectly. Like all other metropolitan cities, Mumbai also has a large influx of people from rural areas looking for employment.

The entertainment industry is the other major employer in Mumbai. Most of India's television and satellite networks are located in Mumbai, as well as the major publishing houses. A large number of the Hindi and English television shows are produced in Mumbai. The Hindi movie industry, Bollywood, is also located in Mumbai, along with the largest studios and production houses.

List of Mumbai companies

• Reliance
• Tata Group
• Godrej
• Rolta
• Standard Chartered Bank
• Life Insurance Corporation

Reliance could refer to: Reliance Industries Limited Reliance Infocomm This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Tata is an important group of companies in India. ... Godrej Group Of Companies, they are named after The Godrej family of India. ...

Industries

• Film industry
• Film equipment
• Motor car parts
• Utensils
• Biscuits
• Clothing
• Textile mills
• Pencils
• Tractors