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Mumbai is the cheapest city in the world, Delhi ranks 3
In a finding that may baffle many Indians, Mumbai has emerged as the world's cheapest city to live in, followed closely by New Delhi at third place.
According to the Economist Intelligence Unit's (EIU) 2014 'Worldwide Cost of Living' survey, Singapore, on the other end of the spectrum, is the world's most expensive city.
The reason for the Indian cities scoring high on the lower end is attributed to inequality between the richest and poorest in India's major cities which keeps wages and prices low, while spending is also stifled by government subsidies.
The 'Worldwide Cost of Living' is a twice-yearly EIU survey that compares more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.
Let’s take a look at the cheapest cities in the world.
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Mumbai is the cheapest city in the world, Delhi ranks 3
Riyadh
Country: Saudi Arabia
Global rank: 122
Rank movement: -3
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Mumbai is the cheapest city in the world, Delhi ranks 3
Jeddah
Country: Saudi Arabia
Global rank: 123
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Panama City
Country: Republic of Panama
Global rank: 124
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Bucharest
Country: Romania
Global rank: 124
Rank movement: +2
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Mumbai is the cheapest city in the world, Delhi ranks 3
Algiers
Country: Algeria
Global rank: 126
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Kathmandu
Country: Nepal
Global rank: 127
Rank movement: +1
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Mumbai is the cheapest city in the world, Delhi ranks 3
Damascus
Country: Syria
Global rank: 127
Rank movement: -11
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Mumbai is the cheapest city in the world, Delhi ranks 3
New Delhi
Country: India
Global rank: 129
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Karachi
Country: Pakistan
Global rank: 130
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Mumbai
Country: India
Global rank: 131
Rank movement: -1