Mumbai, India’s financial capital, has seen a lot of new faces over the past year.
The heads of global banks have been trooping through, visiting its stock exchanges, buying property and hiring new staff.
A postpandemic boom has pushed the value of India’s stock market to about $5 trillion, putting it neck and neck with Hong Kong’s.
Wall Street can’t ignore India anymore.
Mumbai has been India’s commercial hub for eight decades, but it was relatively unfamiliar to global finance until the past two years.
Persons:
Hong Kong’s
Locations:
Mumbai