- Capital account convertibility: a must as financial hubs handle huge capital flows. When will it happen?
- Strong economy: if the host country’s economy thrives, more business for the financial hub. Advantage Mumbai.
- Efficient legal system, bureaucracy: needs a push up
- Language: English is key. Mumbai scores over rivals Shanghai, Hong Kong, Singapore or Dubai.
- Commute: average time to get to work in Mumbai is 45 minutes. Less than New York, London or Shanghai (60-90 mins) but more stressful. Public transport to smarten up.
Converting Mumbai To Shanghai

Converting Mumbai To Shanghai
Converting Mumbai To Shanghai

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