Delhi, Mumbai are the cheapest city of the World: Survey

London: Mumbai has emerged as the world’s cheapest city to live in, followed closely by New Delhi at third place, a new finding revealed.
According to the Economist Intelligence Unit’s (EIU) 2014 ‘Worldwide Cost of Living’ survey released in London, Singapore is on the other end of the spectrum as 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.
These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs. It is designed as a relocation tool that uses New York as a base.

Singapore this year replaces Tokyo, which topped the list in 2013. Other cities making up the top five most expensive cities are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place.

London, meanwhile, was ranked 15th – and the only other UK city to be included in the results was Manchester, way down in 49th.
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