Upon India's independence in 1947 the city was incorporated into Bombay State. In 1960, following the Samyukta Maharashtra Movement, a new state of Maharashtra was created with Bombay as the capital.[31]

Mumbai is the financial, commercial,[32] and the entertainment capital of India. It is also one of the world's top ten centres of commerce in terms of global financial flow,[33] generating 6.16% of India's GDP,[34] and accounting for 25% of industrial output, 70% of maritime trade in India
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