Mumbai lies on the western coast of the Indian Peninsula, and it has approximately 12.4 million inhabitants. Mumbai developed around a fort established by the British in the 17th century. Its natural harbor facilitated its growth, and by the 18th century, Mumbai was home to a thriving manufacturing sector. The largest population of billionaires and millionaires for any Indian City reside in Mumbai. Mumbai hosts such important financial institutions as the Bombay Stock Exchange and the Reserve Bank of India. As an art center, Mumbai hosts the Bollywood industry as well as the Marathi cinema industry.
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