Mumbai:7th Most Financially active city in the world

Mumbai, the financial capital of India, is ranked seven among the world’s most financially active 75 cities in the world. The term financial active is determined through volume of equities, bonds, derivatives and commodities traded in the city. Mumbai has improved its position by 3 notches in 2008 vis-a-vis its rank in 2007. However, in terms of overall ranking, Mumbai has been placed at 48th spot with London retaining the top slot as the global economy’s most influential city, found a survey conduced by MasterCard Worldwide Research. Besides London, top five positions are occupied by New York, Tokyo, Singapore and Chicago. New Delhi and Bangalore are the two other Indian cities that have been included for the first time in the index and ranked at 61st and 66th positions respectively. The results achieved by Mumbai, New Delhi and Bangalore demonstrate the increasing role that India is playing in the global commerce arena.