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    Question

    The Hurun list's ranking of Mumbai over Beijing as

    Asia's billionaire capital primarily reflects what aspect of India's economy?
    A Dependence on agricultural exports Correct Answer Incorrect Answer
    B Growth in technological innovation Correct Answer Incorrect Answer
    C Confidence and expansion in the private sector Correct Answer Incorrect Answer
    D Increase in foreign direct investment Correct Answer Incorrect Answer
    E Expansion of the real estate market Correct Answer Incorrect Answer

    Solution

    Mumbai overtaking Beijing as Asia's billionaire capital, as noted in the Hurun list, primarily reflects growing confidence and expansion in India's private sector. This milestone indicates the resilience and dynamism of India's economy, with a significant surge in the number of billionaires, highlighting the country's flourishing business environment and its attractiveness to entrepreneurs and investors alike.

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