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For those interested in checking out the economic sanctity and future of India, here are a couple of samplers:
• Though India's share of the global luxury market is currently negligible — just about 2 per cent — experts predict that the CAGR from 2006 to 2015 is likely to be around 25 per cent
(Source: The Financial Express, August 11, 2011)
•Lured by India’s growth rate of 8-9 per cent, international luxury brands of repute
are flocking to India, to be a part of the Great Indian Growth Story
(Source: Trak.in)
•India is rated as one of the top economies in the world in terms of
purchasing power parity(PPP) of the gross domestic product (GDP) by leading
financial entities of the world, such as the International Monetary Fund, the World
Bank, and the CIA
(Source: CIA World Factbook)
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Reasons are aplenty for India’s largest boat show to dock in Mumbai:
Mumbai, known as the Commercial Capital of India, is the economic hub of
most of the financial and business activities of the country.
Mumbai has a natural harbour with miles of sheltered coastline – great places to sail to.
India’s financial capital, Mumbai, is the world’s seventh largest city in terms of its billionaire population, according to a Top 10 Billionaire Cities list by Forbes.
Mumbai is home to the highest number of corporate headquarters and is home to the scions of some of India’s largest private enterprises, such as the Tata Group, the Reliance Group, the Aditya Birla Group, etc.
Most of the foreign banks and financial institutions have set up offices in its expanse.
Mumbai has been granted the status of the state capital of Maharashtra, since it has a large percentage of state and central government employees in its workforce. It comprises the headquarters of esteemed Indian financial institutions like the Bombay Stock Exchange, the Reserve Bank of India, the National Stock Exchange, etc.
Mumbai is the abode of Bollywood, the Hindi movie industry. It has the command
centres of all the major television and satellite networks as well.
The city houses the mega-rich diamond, finance, IT and film industries.
It has a strong boating heritage with the third oldest yacht club in the world, the Royal Bombay Yacht Club, set up in 1846.
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