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Mumbai (82) is India’s most expensive city, followed by New Delhi (130) and Chennai (158), according to Mercer’s 2016 Cost of Living Survey. Kolkata (194) and Bangalore (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 Bangalore have become more expensive, over last year, and their rankings have gone up. The survey said that Bangalore has witnessed the highest jump in ranking, on account of surge in prices, especially on items pertaining to food and personal care. Inflation, amongst the highest in Indian cities, moved from 3.27% to 6.08%, during this period, in Bangalore.
“Despite volatile global markets and growing security issues, organisations continue to leverage global expansion strategies to remain competitive and to grow. With a large number of Indian multinational organisations progressively expanding their footprint abroad, 70% of them are expecting expatriate assignments to increase over the next two years to address business needs as well as build careers and leadership development,” said Ruchika Pal, India Practice Leader, Global Mobility at Mercer.
According to Mercer, 85% of the companies, in India, pay a cost of living allowance to their long-term assignees either as a separately identified allowance or as part of a single expatriate allowance, covering other items in addition to goods and services in the remuneration package.
Across continents, countries with the highest current number of India assignees are United States, United Kingdom and United Arab Emirates (UAE). Across continents, countries with the highest expected increase in the number of Indian international assignees are UAE, UK and Kenya.
Mumbai is India's most expensive city: Mercer survey | Business Standard
New Delhi and Bangalore have become more expensive, over last year, and their rankings have gone up. The survey said that Bangalore has witnessed the highest jump in ranking, on account of surge in prices, especially on items pertaining to food and personal care. Inflation, amongst the highest in Indian cities, moved from 3.27% to 6.08%, during this period, in Bangalore.
“Despite volatile global markets and growing security issues, organisations continue to leverage global expansion strategies to remain competitive and to grow. With a large number of Indian multinational organisations progressively expanding their footprint abroad, 70% of them are expecting expatriate assignments to increase over the next two years to address business needs as well as build careers and leadership development,” said Ruchika Pal, India Practice Leader, Global Mobility at Mercer.
According to Mercer, 85% of the companies, in India, pay a cost of living allowance to their long-term assignees either as a separately identified allowance or as part of a single expatriate allowance, covering other items in addition to goods and services in the remuneration package.
Across continents, countries with the highest current number of India assignees are United States, United Kingdom and United Arab Emirates (UAE). Across continents, countries with the highest expected increase in the number of Indian international assignees are UAE, UK and Kenya.
Mumbai is India's most expensive city: Mercer survey | Business Standard
