How to advertise your business in Mumbai? Here’s a complete guide - Page 2 of 5

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Mumbai: The Financial Capital of India

Mumbai, the erstwhile Bombay, is the capital of the state of Maharashtra. Often hailed as “The Financial Capital of India”, Mumbai is the 2nd most populous city in India after Delhi. Mumbai is not only the Financial Capital of India but also the Commercial Capital and Entertainment Capital of India due to the location of the headquarters of several banks, companies, and Bollywood. With more than 50% population being migrants, the population of Mumbai is a mixture of people from various classes, speaking different languages, having diverse cultures.

1. Mumbai: Demographics

a. The population of Mumbai

Population of Mumbai (2011 Census)	18,414,288
Population of Mumbai (2020 Estimated*)	20,748,395

b. Gender Distribution of Mumbai Population (2011 Census)

Male Population	~54.6%
2020 Estimated Population	11,328,624
Female Population	~45.4%
2020 Estimated Population	9,419,771

c. Literacy Rate in Mumbai (2011 Census)

Male Population	92.56%
Female Population	86.39%
Total Avg	89.73%

d. Age-wise Distribution of Mumbai Population (2014-15 NFHS Data)

Age Group	Percentage of Total Population
0-14 Years	25%
15-29 Years	30%
30-45 Years	23%
45-60 Years	14%
60+ Years	8%

e. Household-wise Population Distribution of Mumbai (Census 2011)

No. of Members	Percentage of Total No. of Households
1 Member	5.7%
2 Members	10.8%
3 Members	16%
4 Members	24.1%
5 Members	17.8%
6-8 Members	20.1%
9+ Members	5.4%

f. Income-wise Distribution of Mumbai Household Population (Statista 2015)

(f)

Annual Household Income	Percentage of No. of Households
Less than INR 75,000	8%
INR 75,000- INR 150,000	14%
INR 150,000- INR 300,000	20%
INR 300,000- INR 500,000	14%
INR 500,000- INR 1,000,000	17%
Above INR 1,000,000	27%