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
Economy of India under the British Raj economy of early 20th-century British India (11.2%). In terms of urbanization, Mughal India also had a higher percentage of its population (15%) living in urban centers in 1600 than British India did in the 19th century. A number of modern economic historians have blamed the colonial rule for the dismal state of India's economy, with investment in Indian industries limited since it was a colony. Under British rule, India experienced deindustrialization: the decline of India's native manufacturing industries. The economic policies of the British Raj caused a severe decline in the handicrafts and handloom sectors, with reduced demand and dipping