Bombay: Cheapest City
Two months ago Metroblogging Mumbai pointed you to this Reader’s Digest Survey, that put Bombay as the rudest of the 36 cities surveyed. Much agitation ensued and people were rightly pissed off.
And now comes this other survey that puts Bombay as one of the cheapest cities.
Cheap, as a word in my teen years had a very different meaning. If someone called you cheap, means u were a miserly bastard.
But the article makes no such implication. If it did, I am sure the Shiv Sena would burn down the embassey of the country where the headquarters of the survey making company lies.
Oslo and London are the world’s most expensive cities, while Zurich and Geneva residents have the highest buying power, according to a report released on Wednesday.
Europe dominates the list of 71 cities compiled by Swiss bank UBS, while Asian cities — including Kuala Lumpur and Mumbai — are among the cheapest places to live, based on the cost of a basket of 122 goods and services……
……Workers in Asia also have the fewest vacation days, on average 12 per year, compared to a global 20 days.
Read entire article here
What I would like to know is in what way have they calculated the cost.. in which currency?? Coz if they are converting in dollars or euros and considering our living cheap, then they will definately not understand how expensive it is to live in Mumbai in terms of Rupees, right??
It was the same last year too.
http://economictimes.indiatimes.com/articleshow/1036970.cms
An extract:
“A worker in Mumbai must work 89 minutes for a kilo of rice, while a Swiss needs only five to seven minutes”.
dude mumbai id cheap only if u know where to find stuff other wise its ripping capital… but if u ompare to london ya we are damn cheap (monetary wise)…
Based on a cost of a basket of 122 goods and services. Exactly what are the goods and services they are comparing? Chai paani? Muskaa bun? I am sure it does not include the cost of real estate; it should if it has to be realistic.
It’s official according to Reader Digest is “Cheap and Rude” so to speak.