History of Bombay in independent India The city was, first and foremost, built and developed by an Britishers Then Migrants From Gujarat Came For industrial and commercial bourgeoisie consisting of Parsis, Gujarati Hindus, Muslims communities earning their wealth on the extensive Arabian trade. The expanding labour force in Bombay was initially drawn from the coastal belt of Konkan, south of the city. Until the 1940s, Marathi speakers from these areas accounted for 68% of the city's population, and held mostly jobs. After India's independence from British rule on 15 August 1947, the territory of Bombay Presidency retained by India after the partition was restructured into Bombay
Economic history of India world leader in manufacturing, producing 25% of the world's industrial output up until the mid-18th century, prior to British rule. Due to its ancient history as a trading zone and later its colonial status, colonial India remained economically integrated with the world, with high levels of trade, investment and migration. India experienced deindustrialization under British rule, which along with fast economic and population growth in the Western World resulted in India's share of the world economy declining from 24.4% in 1700 to 4.2% in 1950, and its share of global industrial output declining from 25% in 1750 to 2% in