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Published byEgbert Smith Modified over 9 years ago
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Alysha Mayne 9F
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Mumbai is the financial, commercial and entertainment capital of India. It accounts for 70% of the transactions to India’s economy and, is the largest city, population wise, in the country with just under 12 million people. Mumbai Contrast: the slums against the CBD.
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A chart of the various countries which Mumbai imports from… (in US$) **bn- billion (United Arab Emirates) Mumbai imports from locations all around the world. As explained in the chart, Mumbai’s largest import point is China. Followed by countries in the Middle East, North America and Europe. The ‘other’ section of the chart carries a further US$115bn, which is from scattered countries in very small portions. other
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Although India produces many goods itself, there are always objects that need to be imported from other places. The main item that is imported by Mumbai is Petroleum Crude (Petrol/Fuel) using around US$155bn in 2012. Some of the smaller scale imports are items such as Iron and Steel and transport equipment, using around US$12-14bn in 2012.
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A chart of the various countries which Mumbai exports from… (in US$) Mumbai’s largest export point is the USA with a bonus of US$19.7bn in 2012-2013. Followed closely by United Arab Emirates, with around US$18.6bn gained. Some of the smaller export points are Germany and Brazil, bringing in around US$3bn each. other
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As explained below in the diagram, Mumbai’s most exported object is ‘Petroleum Products’, this could include items such as oil and fuel. Some of the mid-range exports are items such as machinery & instruments and ready made garments, at around a US$14bn gain in 2012. On the smaller scale, items such as cotton, yarn and fabrics are all exported but only bring in as much as US$7bn in a general year.
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Surprisingly, Mumbai’s export economy is lower than that of it’s imports, with only US$142bn, compared to US$235bn in imports. This can explain why India is such a poor country. For their economy to boom, the money they make exporting has to be more than the money they spend importing. And unfortunately for Mumbai this is not the case.
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