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Reform moments | Reforms hit India's mega cities

M
Mint

3 Views • Feb 16, 2018

Description

The ongoing Economic liberalization after 1991 has had a significant impact on India’s mega-cities.

More than a third of foreign companies currently active in India’s financial capital - Mumbai were set-up after 1991. This was largely due to its perception as a gateway city. As India’s economic powerhouse, Mumbai not only contributes the highest percentage to the GDP but is responsible for 70% of capital transactions.