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Mumbai, is the wealthiest as well as the most populous Indian city. Producing 6.6 per cent of India’s total GDP, the city is counted among the world's top 10 centers of commerce in terms of global financial flow. Ranked 7th in the list of 'Top 10 Cities for Billionaires' by Forbes magazine, Mumbai is recognised as the commercial capital of the country. Formerly called Bombay, the city has carved a niche for itself in the information technology industry despite rigid competition from other cities like Hyderabad, Bangalore and Pune.
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