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EIU Ranked Mumbai and Bangalore among Cheapest cities to live

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Mumbai and Bangalore are among the cheapest cities in the world, according to a top London forecast group (EIU).

Mumbai

  • Survey conducted by: Economic Intelligence Unit
  • Editor of the survey: Jon Copestake
  • Factors of the survey: Strength of the US dollar and currency devaluations to falling oil and commodity prices and geopolitical uncertainty
  • Most expensive city: Singapore
  • Other expensive cities: Zurich, Hong Kong, Geneva and Paris
  • Least expensive cities: Lusaka followed by Bangalore and Mumbai

Flash points

  • London was sixth and New York seventh
  • Though Singapore was the most expensive, the cost of living there was 10 per cent cheaper when compared to New York than was the case in the EIU survey a year ago