EIU Ranked Mumbai and Bangalore among Cheapest cities to live

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

• 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