Word: bombay
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...spoke such good English. Later, raising money for Mississippi Masala, starring Denzel Washington, a studio head asked me to "make room for a white protagonist." Back home, my films were also alternative. They were the opposite of Bollywood, and I was an outsider. The publicity campaign for Salaam Bombay! was a horse-drawn carriage stuffed with the street kids from the film, re-enacting scenes through megaphones...
...streets are wet with the dew of the coming monsoon as Rajeev Samant unveils his latest enterprise in midtown Bombay. The Tasting Room is a softly lit tapas bar built into a high-end furniture store in the old textile district. The idea is to showcase Samant's range of Indian wines in a space that oozes class and cash--with bottles costing twice the average Indian weekly wage, it's meant to be exclusive. Tonight the guests include local investment bankers, venture capitalists and a group of students from the business school in Fontainebleau, France, on a two-week...
...right. If you want to catch a glimpse of the new India, with all its dizzying promise and turbocharged ambition, then head to its biggest, messiest, sexiest city--Bombay. Home to 18.4 million people and counting, the city, formally known as Mumbai, is projected by 2015 to be the planet's second most populous metropolis, after Tokyo. But it's already a world of its own. Walk down its teeming streets, and you'll encounter crime lords and Bollywood stars, sprawling slums and Manhattan-priced condos, and jam-packed bars where DJs play the music of the Punjab, bhangra...
...India's biggest city is its great hope, Bombay also embodies many of the country's staggering problems. The obstacles hampering India's progress--poor infrastructure, weak government, searing inequality, corruption and crime--converge in Bombay. Although India boasts more billionaires than China, 81% of its population lives on $2 a day or less, compared with 47% of Chinese, according to the 2005 U.N. Population Reference Bureau Report. That class divide is starkest in cities like Bombay, where million-dollar apartments overlook million-population slums. For all its glitz, Bombay remains a temple to inefficiency...
...Whether Bombay's entrepreneurial energy can be directed toward lifting more of its people out of despair will help define the nation's future. The country's pro-growth Prime Minister, Manmohan Singh, has said he dreams that Bombay will someday make people "forget Shanghai"--China's financial capital, whose modern gleam is a reminder of the gap between India and its eastern rival. Right now it's not much of a contest. India's GDP (gross domestic product) growth was 8.4% last year vs. 10% for China, while foreign investment in India was an estimated $8.4 billion, compared with...