The South Asian country is, after China, the fastest growing economy worldwide. With the liberalization of its economy and last years’ economic boom, India economically more and more approaches the west. Indian and European enterprises have long since become competitors as well as business partners. The service sector contributes most to growth and prosperity, being responsible for more than half of the Indian gross domestic product.
Mumbai is the capital city of Maharashtra. It is the world’s fifth largest metropolitan area and India’s economic centre. The country's most important seaport, the Jawaharlal Nehru Port, is also located here. It is one of the largest natural ports worldwide and has become one of the most significant transfer sites at the Arabian Sea.
The megacity generates more than a quarter of Maharashtra’s gross domestic product. Apart from that, almost half of Indian foreign trade is transacted here. The economically most significant branches are the finance-,cotton-, chemical-, car- and electronics industry.