Economics

Economics

The first Indian railway opened in 1853, ten years before Phileas traveled through, which brought a huge influx of people to the city. In order to handle this population growth, architecture began to expand, as well as many more government buildings being built.

Cotton textile manufacturing is a huge part of the Mumbai economy today, but it was even more prominent in 19th century Bombay. 1857 was when the first spinning and weaving mill were established, and three years later in 1860 Bombay became the world’s largest cotton market in India.

Also in the 19th century was the decay of the Mughal power in Delhi, which destabilized Gujarat. This instability drove artisans and merchants to the island, as well as improved trade and communication drastically, enabling Bombay to prosper.

About 100 years later in 1995, Bombay changes its name to Mumbai.