Mumbai - An Engine for Atmanirbhar Bharat

Abstract

Mumbai city is an island city which has a history starting from the 18th century when the Hornby vellard project reclaimed some areas from the seven islands from the sea. This transformed the area into a major seaport after development work like roads and railways was completed undertaken in the land in 1845. In 1960 the new state of Maharashtra was formed with its capital as Bombay, which was re-christened as Mumbai in 1995. It has steadily grown to be the economic hub and capital of India, with the help of its nature and inherent advantages. This paper attempts to give a comprehensive picture and a rational understanding of what defines Mumbai financially, its infrastructure and how improving this will impact positively its economy. Optimising the use of resources in one city (Mumbai) can actually impact the whole state and the nation as a whole. Building resilience requires long-term coordination and cooperation between cities decision-makers, communities, businesses and other stakeholders to reduce disaster risk, both through specific risk reduction policies and investments, and by improving infrastructure and the provision of services (UNISDR, 2012). The researcher has used suitable statistical techniques like correlation, charts histograms, trend lines, time series, scatter plot charts, polynomial lines and line graphs to illustrate points significant to the study and recommendations thereof. London, Zurich, Singapore, New York, Hong Kong, Chicago, Tokyo, Frankfurt, Shanghai etc. are major financial capitals of the world. Mumbai features as one among these financial hubs. Government and policy makers should ensure that the city is kept in the race. Using the Indian demographic advantage, good weather conditions as a leverage to project Mumbai as a global city is necessary. Use of smart technology in infrastructure, transportation, and housing helps corporations to work together with citizens toward better and citizen-centric cities.