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Megacity Mumbai Goes to the Polls

  • Alliance split raises concern on city-state revenue share
  • City to lose 27% of revenue once state implements sales tax
Commuters walk along a bridge at the Kurla railway station in Mumbai, India, on Saturday, Jan. 28, 2017.
Photographer: Dhiraj Singh/Bloomberg
Updated on

India’s financial hub Mumbai will go to the polls on Tuesday to elect a civic administration that will shepherd it through an expected fall in revenue amid the roll out of a national sales tax.

At stake is the municipality’s ability to provide better living standards in Mumbai -- key to the success of Prime Minister Narendra Modi’s plan to compete with the likes of Singapore by offering foreign entrepreneurs residency rights.