This city / state of India is the most preferred hub to start business.
Mumbai is a capital city of the Indian state of Maharashtra, known as the financial capital of India and not only houses the leading corporate houses and firms but also has Asia’s oldest Stock Exchange, the Bombay Stock Exchange. It is one of the world's top ten centres of commerce in terms of global financial flow generating 70% of capital transactions to India's economy.. Mumbai's billionaires had the highest average wealth of any city in the world. It serves as an economic hub of India, contributing 10% of factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of India's foreign trade during 2017-18.