Does Mumbai have the potential to be a global financial centre?

Mumbai, one of the most densely populated metropolitan cities worldwide, has recently fallen three positions down in the Global Financial Centres Index, which is an index that ranks financial centres around the globe. Does Mumbai have what it takes to be the country's financial hub? Experts, Ashwin Kakkad, vice president of Mercury Travels; Aseem Chawla, partner and co-founder of MPC Legal; Tehseen Poonawala, entrepreneur, and Shoumik Ganguli, managing partner of Acuitylaw, discuss why Mumbai has not been able to deliver as a financial hub and whether it needs a complete transformation.