Mumbai: India’s Financial Capital

Michael Backman

Chapter Chapter 29 in The Asian Insider, 2004, pp 233-237 from Palgrave Macmillan

Abstract: Abstract A cow was tethered to the front fence of the Bombay Stock Exchange on my last visit. Not a bear, not a bull, but a cow. It was symbolic really. There was a run on the ICICI Bank, the country’s second largest, a few days later. Long queues formed at branches in Mumbai and Gujarat. Its cash machines had to be restocked many times in a day to cope with the withdrawals. And throughout the course of the year, seven bombs went off around the city with a cumulative death toll that ran into dozens. Mumbai perhaps more than any other is the city of the mixed message.

Keywords: Organise Crime; Crowd Behaviour; Rent Control; Home Town; Muslim Family (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4840-3_29

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DOI: 10.1057/9781403948403_29

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