A Makeover for Mumbai ; the City of 16 Million People, Ravaged by Floods and Blasts, Needs an Overhaul If It Is to Become a Global Metropolis. Here's How to Do It.

Summary

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Mumbai

If you were one of Mumbai's 16 million (including the suburbs and extended surburbs) residents who faced nature's wrath on July 26, 2005, when virtually the entire city was submerged under nearly a metre of rainwater, you might have purchased this issue of Business Today, which votes Mumbai as the Best City for Business, to make paper boats of it. If you are one of Mumbai's 6.4 million who use the local train every day, and survived last fortnight's serial bomb blasts on the western rail route, you must be wondering how can a city be good for business when its dwellers flirt daily with death.

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A Makeover for Mumbai ; the City of 16 Million People, Ravaged by Floods and Blasts, Needs an Overhaul If It Is to Become a Global Metropolis. Here's How to Do It.

To validate Mumbai as a great city, one can easily fall back on that cliche that's been run threadbare in the past few weeks: Of the never-say-die spirit of the average Mumbaikar, who was back riding the local train 12 hours after the first bomb went off at 6.23 p.m. The truth is the average Mumbaikar can never afford to say die. For, she is just one of the faceless individuals that constitute the city's tireless mass of industry, powering key service sectors like banking, equities, law, accounting, consulting, media, education and information technology. It's these anonymous characters who play their part in helping Mumbai clear the largest number of cheques (at one time the figure was 10 times more than the second highest city), and who contribute to the trading volumes on the country's leading stock exchanges, BSE and NSE, which rival v...

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