Mumbai (82) is India’s most expensive city, followed by New Delhi (130) and Chennai (158), according to the 2016 Cost of Living Survey by Mercer, the New York-based human resource consultancy. Kolkata (194) and Bengaluru (180) are the least expensive Indian cities ranked.
Globally, Hong Kong topped the list of most expensive cities for expatriates, pushing Luanda, Angola, to second position. Zurich and Singapore remained in third and fourth positions, respectively, whereas Tokyo is in fifth, up six places from last year.
New Delhi and Bengaluru have become more expensive, over last year, and their rankings have gone up. The survey said the latter had the highest jump in ranking, on account of a surge in prices, especially on items pertaining to food and personal care. Inflation, among the highest in Indian cities, moved there from 3.27 per cent to 6.08 per cent during this period.
Mumbai wealthiest city in India
India, the 7th richest country in the world in terms of total individual wealth ($5.6 trillion as of June 2016), is home to 264,000 millionaires and 95 billionaires. Mumbai has the largest portion of the country's high net worth individuals (HNWIs). Pune, Hyderabad and Bangalore are the fastest growing cities for HNWIs. Here is how the wealthiest Indian cities stack up:
