NEW DELHI: The latest global survey report has shown that Bangalore and Karachi are the cheapest cities of the world to live in.
The sub-continent as a whole offers the best value for money, with Mumbai, Chennai and New Delhi also being ranked on the lower end of the ‘Worldwide Cost of Living Report 2015′ compiled by the Economic Intelligence Unit (EIU).
“Indian cities make up four of the six cheapest (cities). Structurally low wages and price subsidies on some staples have made for a highly price sensitive market. Falling oil prices will add further weight to this,” the report said.
The annual report is a relocation tool which compares the cost of living between 133 cities using New York as a base city.
Bangalore shares the lowest rank on the list with Karachi followed by Mumbai at 130, Chennai at 129 and New Delhi at 128 on a list topped by Singapore for being the most expensive for the second consecutive year.
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