Mumbai is the commercial and entertainment capital of India, and houses important financial institutions, such as the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE) and the corporate headquarters of many Indian companies. Mumbai has attracted migrants from all over India because of the immense business opportunities, and the relatively high standard of living, making the city a potpourri of various communities and cultures. The city is home to India's Hindi film and television industry, known as Bollywood. Mumbai is also one of the rare cities to accommodate a national park, the Sanjay Gandhi National Park, within its city limits.

Economy
Mumbai contributes 10% of all factory employment, 40% of all income tax collections, 60% of all customs duty collections, 20% of all central excise tax collections, 40% of India's foreign trade and Rupees 40 billion (US$ 9 billion) in corporate taxes.

The entertainment industry is the other major employer in Mumbai. Most of India's major television and satellite networks are headquartered in Mumbai, as well as its major publishing houses. The centre of the Hindi movie industry, Bollywood, is also located in Mumbai, along with its largest studios (Dadasaheb Phalke chitranagari) and movie production houses. Marathi television and Marathi film industry are also based in Mumbai.

Along with the rest of India, Mumbai, its commercial capital, has witnessed an economic boom since the liberalisation of 1991, the finance boom in the mid nineties and the IT, export, services and BPO boom in this decade. The middle class in Mumbai is the segment most impacted by this boom and is the driver behind the consequent consumer boom. Upward mobility among Mumbaikars has led to a direct increase in consumer spending.