Current Affairs PDF

Mumbai – the highest Expensive City in India but the second Least Expensive in World, says Trip Index

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

According to the sixth edition of TripAdvisor’s TripIndex Cities, Mumbai has been ranked the most expensive city in India but the second least expensive in the world to visit, after Hanoi, Vietnam.

About our Mumbai :

Mumbai Bombay is the capital city of the Indian state of Maharashtra. It is the most populous city in India and the ninth most populous agglomeration in the world, with an estimated city population of 18.4 million.

  • Along with the neighboring regions of the Mumbai Metropolitan Region, it is one of the most populous urban regions in the world and the second most populous metropolitan area in India, with a population of 20.7 million as of 2011.
  • Mumbai lies on the west coast of India and has a deep natural harbor. In 2009, Mumbai was named an alpha world cityIt is also the wealthiest city in India, and has the highest GDP of any city in South, West, or Central Asia. It is noted that Mumbai has the highest number of billionaires and millionaires among all cities in India.
  • The seven islands that came to constitute Mumbai were home to communities of fishing colonies. For centuries, the islands were under the control of successive indigenous empires before being ceded to the Portuguese. Mumbai
  • During the mid-18th century, Bombay was reshaped by the Hornby Vellard  project, which undertook reclamation of the area between the seven islands from the sea. Along with construction of major roads and railways, the reclamation project, completed in 1845, transformed Bombay into a major seaport on the Arabian Sea.
  • Bombay in the 19th century was characterized by economic and educational development. During the early 20th century it became a strong base for the Indian independence movement. Upon India’s independence in 1947 the city was incorporated into Bombay State. In 1960, following the Samyukta Maharashtra movement, a new state of Maharashtra was created with Bombay as the capital.
  • Mumbai is the financial, commercial and entertainment capital of India. It is also one of the world’s top ten centres of commerce in terms of global financial flow, generating 6.16% of India’s GDP and accounting for 25% of industrial output, 70% of maritime trade in India and 70% of capital transactions to India’s economy.
  • The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations.
  • It is also home to some of India’s premier scientific and nuclear institutes like BARCNPCLIRELTIFRAERBAECI, and the Department of Atomic Energy. The city also houses India’s Hindi (Bollywood) and Marathi film and television

The ranking Index:-

TripIndex Cities compares the cost of a three-night break during the summer travel period of June to September in 27 key cities around the world.

  • The report revealed that New York (US) is the most expensive city in the world for a three-day break for Indians will cost a whooping INR 1,24,201.

Ranking list of least expensive cities:-

  1. Hanoi,
  2. Mumbai,
  3. Cape Town
  4. Kuala Lumpur.
  5. Bangkok
  6. Moscow

It is noted that the survey also included New Delhi, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad, Pune, Jaipur taking into account in-destination costs for two people.