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The paper written from a governance perspective takes the position that a useful governance perspective must be informed by the socio-economic-cultural milieu and in the specific Indian context must sit on a tripod of ‘political reality’, ‘state of decentralization’ and ‘basic economic principles’. Mumbai Metropolitan Region (MMR) is one of the most important growth engines for India as it accrues tremendous revenues to the central and the\nMaharashtra (State) governments. It is thus crucial to ensure that the governance system in MMR is efficient for it to continue on its growth trajectory. We assess the performance of the governance system in MMR which resembles a polycentric governance system- a system that\nhas been heralded as being greatly suited to metropolitan regions by several scholars. We recognize that Metropolitan governance is a concept since in reality it comprises a loose bundle of multiple actors and organizations. For sharper focus, we study the interactions between only two (dominant) public organizations- Municipal Corporation of Greater Mumbai (an Urban Local Body of Greater Mumbai) and the Mumbai Metropolitan Region\nDevelopment Authority (a parastatal of the State Government). Our assessment reveals that the institutions – rules of the game – which are essential for the efficient functioning of polycentric governance system are missing in the region. Our findings emphasize the need to bring about micro reforms in the institutional framework for polycentric governance to be\nsuccessful in MMR.
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