Mumbai, Maharashtra is the entertainment, fashion and commercial centre of India. Mumbai is the second largest economy in India. It is the wealthiest Indian city with a net wealth of $1.950 trillion with 46000 millionaires and 56 billionaires. Mumbai accounts for slightly more than 6.16% of India's economy contributing 10% of factory employment, 30% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade and rupees 80,000 crore (US$20 billion) in corporate taxes to the Indian economy.