**Maharashtra is the state that has Mumbai as its capital.**

Explanation:

**1. Introduction:**
- Maharashtra is a state located in the western region of India.
- It is the second-most populous state in India and covers a large area.
- Mumbai, also known as Bombay, is the capital city of Maharashtra.

**2. Mumbai - The Financial and Entertainment Capital:**
- Mumbai is the financial, commercial, and entertainment capital of India.
- It is a major hub for finance, business, and trade, housing many corporate headquarters and financial institutions.
- The city is also famous for the Bollywood film industry, which produces the largest number of films in the world.

**3. Historical Significance:**
- Mumbai has a rich historical background and has witnessed the rule of various dynasties and colonial powers.
- The city was originally a collection of seven islands and was ruled by various indigenous empires before being taken over by the Portuguese, followed by the British.

**4. Formation of Maharashtra:**
- After India gained independence from British rule in 1947, the country was reorganized into states and union territories.
- The state of Bombay, consisting of present-day Maharashtra and Gujarat, was created in 1950.
- However, due to linguistic and cultural differences, there were demands for the division of the state.

**5. Division and Formation of Maharashtra:**
- In 1960, the state of Bombay was divided into two separate states - Maharashtra and Gujarat.
- Maharashtra was formed to cater to the Marathi-speaking population, while Gujarat was formed for the Gujarati-speaking population.
- As a result, Mumbai became the capital of the newly formed state of Maharashtra.

**6. Importance of Mumbai as the State Capital:**
- Mumbai is strategically located on the western coast of India, making it easily accessible by sea, air, and land.
- The city has a well-developed infrastructure and is a major transportation hub, connecting various parts of Maharashtra and the country.
- Mumbai's status as the state capital contributes to its economic growth and development, attracting businesses, investments, and opportunities.

In conclusion, Mumbai is the capital city of Maharashtra. It holds significant importance as the financial, commercial, and entertainment capital of India. Being the state capital, Mumbai plays a crucial role in the growth and development of Maharashtra.

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