According to the Economist Intelligence Unit's biennial cost of living survey survey, Mumbai (3) and Delhi (5) have been ranked among the cheapest cities to live in across the world
According to the Economist Intelligence Unit's biennial cost of living survey survey, Mumbai (3) and Delhi (5) have been ranked among the cheapest cities to live in across the world.
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The honour of being the cheapest city in the world has gone to Karachi.
In fact, the top 10 cheapest cities to live in are all in South Asia. Sri Lanka's capital Colombo also ranks in the list of top 10 cheapest cities.
"Despite the rise of India as a growing emerging-market economy, the low cost of living in cities continues to reflect the fact that the subcontinent remains a comparatively cheap place to live and work," the survey said.
Expensive list
On the flip side, Tokyo still holds the rank as the most expensive city to live in, an honour it has held for nearly two decades.
Sydney and Melbourne are now the sixth and seventh most expensive cities on the planet, the survey revealed.
More significantly Perth and Brisbane rose to 13 and 14 respectively.
"Ten years ago Sydney was ranked 71st and Melbourne 80th, while Perth was ranked 91st and Brisbane was 93rd," the survey said.
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