Spiegel on what’s happening in India’s version of Shanghai:
Bombay, or Mumbai as it is now officially called, well-deserves its nickname, Maximum City. It is as avant-garde, trendy and hungry for superlatives as its Chinese counterpart Shanghai, a comparison that Indian politicians are happy to make. The city is home to India's oldest stock exchange, its most important banks, its wealthiest business moguls, its most beautiful movie stars and its most feared gangsters. Mumbai provides more than one third of all taxes the government collects, as well as hoarding vast amounts of illegal earnings. Forty percent of international flights to India land in this city, which already counts more than 18 million inhabitants today. According to a United Nations estimate, it will be the world's second largest city after Tokyo by 2015 -- and will have more inhabitants than either Australia or all of Scandinavia.
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