Four Indian cities are among the world's ten cheapest cities to live in, according to a survey conducted by the Economist Intelligence Unit (EIU), which is part of the Economist Group. The Worldwide Cost of Living 2017 puts Bengaluru as the third cheapest city to live in, followed by Karachi in Pakistan. Alamaty, in the central Asian nation of Kazakhstan, tops the list of cheapest cities in the world.
Measured against an index of 100, with New York City being the standard, Singapore clocks up 120 points and is the most expensive city to live in for the fourth consecutive year. It is followed by Hong Kong (114), Zurich (113) and Tokyo (110). Bengaluru, with an index of 42, follows Lagos and Almaty, which have 39 and 38 as indices respectively. Three other Indian cities — Chennai, Mumbai and New Delhi — occupy the 6th, 7th and 10th spots respectively in the list of cheapest cities.
The Worldwide Cost of Living survey takes into account factors such as costs of housing, food, recreation, public transport, schools and other daily facilities draw conclusions. Conducted every two years by EIU, it compares more than 400 individual prices across 160 products and services.
While South Asian cities are relatively cheaper than a lot of East Asian and Western counterparts, the level of safety in the former is comparatively lower.
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