Earlier, 26/7 and then 7/11, two disaster during twelve months that had stopped Mumbai’s life. On July 26, Mumbai was sunk in 37 inches of rain. The life was become static for almost twenty-four hours.
Then, on July 11, when seven blasts in Mumbai local trains rocked Mumbai. It killed over 200 people and injured nearly 700.
But Mumbai never stops. When the government machinery fails people do manage the situation with their own resources to help each other.
Mumbaikars are inventive operators.
Mumbai, once, was the place of India’s textile industry. Today, it is famous for Bollywood. It transformed as services-dominated economy left the factory jobs for the other parts of India.
Mumbai’s banks work on twice as many cheques as processes in New Delhi. About fourteen percent of the national bank deposits are found in Mumbai.
Eighty percent of India’s mutual funds are registered in Mumbai alone. Ninety percent of merchant banking transactions happen in Mumbai. Its two stock exchanges account for 92% of India’s stock market turnover.
Mumbai may become a global financial centre and it can eclipse Singapore, Hong Kong, and perhaps even Tokyo as one of Asia’s two great financial centers. The other one is Shanghai.
On the other hand, there is also a darker side of the story. Politics prevents Mumbai to find its goal. Mumbai generates thirty-eight percent of India’s taxes, however, gets little in return.
Seventeen million populations send only six parliamentarians to the Lok Sabha that should be ten.
Mumbai’s politicians rarely get the cabinet birth. The municipal corporation of Mumbai is the richest corporation in India while its mayor commands little authority.
Our great leaders always think to transform Mumbai into a category of excellent city. They always forget that those cities had great administrator such as Chicago had Daley dynasty, New York had Ed Koch and Rudy Giuliani, London had Ken Livingstone and Shanghai had Zhu Rongji.
Those leaders had the vision and the will power to perform his duty.
In comparison with these cities, Mumbai is like rich orphan city in India.