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`Delhi is cheap, but not safe`: The Asian Age
London, Aug 02: New Delhi has been declared a cheap city to live in, but not very safe. India`s capital scores in the comparison of costs of living in major capitals across the world in a new global survey, but loses out on safety.
London, Aug 02: New Delhi has been declared a cheap city to live in, but not very safe. India’s capital scores in the comparison of costs of living in major capitals across the world in a new global survey, but loses out on safety.
The Worldwide Cost of Living survey by the Economist Intelligence Unit warns that it is not recommended that expatriates travel alone at night in the city. It also insists that security guards at homes and offices are a must.
The bi-annual EIU survey compares prices and products in 134 cities around the world. The purpose is to provide companies with an unbiased and independent guide from which allowances can be calculated for executives and their families being sent overseas. In terms of capitals, the EIU studied the cost of living in 13 global capitals based on five parameters: monthly rent for a two-bedroom flat, dinner for two, running a car for a year, cost of a litre of milk and babysitter for an hour. On each of the parameters, New Delhi recorded the lowest cost of living.
Tokyo remains the world’s most expensive city, while Tehran is declared the cheapest. Manila takes over from New Delhi, ranked 118th, and Mumbai, ranked 120th, as the cheapest city in Asia.
London (10th) has been the European Union’s costliest city over recent years, but that dubious honour now lies with Copenhagen (6th). Oslo (3rd) takes the title of the most expensive in Europe as a whole. Paris, ranked 7th, is the euro zone’s most expensive city and has now overtaken London.
A weaker dollar, particularly compared with the euro, has made the US relatively less expensive. New York (13th) is America’s costliest city, with Chicago coming in 16th and Los Angeles 19th.
While European cities dominate the top of the list, with seven cities ranked among the worlds top 10, the most expensive cities in the world are still found in Japan. Tokyo and Osaka are ranked 1st and 2nd, positions they have held since 1991. Hong Kong (5th) is the only other non-European city in the top 10.
The Worldwide Cost of Living survey by the Economist Intelligence Unit warns that it is not recommended that expatriates travel alone at night in the city. It also insists that security guards at homes and offices are a must.
The bi-annual EIU survey compares prices and products in 134 cities around the world. The purpose is to provide companies with an unbiased and independent guide from which allowances can be calculated for executives and their families being sent overseas. In terms of capitals, the EIU studied the cost of living in 13 global capitals based on five parameters: monthly rent for a two-bedroom flat, dinner for two, running a car for a year, cost of a litre of milk and babysitter for an hour. On each of the parameters, New Delhi recorded the lowest cost of living.
Tokyo remains the world’s most expensive city, while Tehran is declared the cheapest. Manila takes over from New Delhi, ranked 118th, and Mumbai, ranked 120th, as the cheapest city in Asia.
London (10th) has been the European Union’s costliest city over recent years, but that dubious honour now lies with Copenhagen (6th). Oslo (3rd) takes the title of the most expensive in Europe as a whole. Paris, ranked 7th, is the euro zone’s most expensive city and has now overtaken London.
A weaker dollar, particularly compared with the euro, has made the US relatively less expensive. New York (13th) is America’s costliest city, with Chicago coming in 16th and Los Angeles 19th.
While European cities dominate the top of the list, with seven cities ranked among the worlds top 10, the most expensive cities in the world are still found in Japan. Tokyo and Osaka are ranked 1st and 2nd, positions they have held since 1991. Hong Kong (5th) is the only other non-European city in the top 10.