The survey also listed the financial capital as the 19th most expensive in Asia
Financial portal moneycontrol said that Mumbai, the financial capital of India, has been dubbed as the most expensive city in the country for expats to live in. The city ranked in the 60th spot globally and the 19th in Asia.
Meanwhile, the 2020 Cost of Living Survey by Mercer listed New Delhi in the 101st place and Chennai in the 143rd globally. Bengaluru (171st) and Kolkata (185th), on the other hand, were named as the least expensive cities in terms of cost of living for expats.
This year, all Indian cities soared by a minimum of four spots. New Delhi jumped the highest among them, climbing 17 places and barely dodging the 100 list of most expensive cities to live in for expats.
Hong Kong topped the global list, followed by Ashgabat (Turkmenistan), Tokyo (Japan) and Singapore.
“With challenges of cost considerations and complexity of operating globally in today’s environment, reinventing talent mobility programs is imperative in the future agenda, post-crisis,” said Padma Ramanathan, the global talent mobility practice leader at Mercer.
“It is not surprising that Indian cities are emerging to be among key contenders providing a business case to relocate operations for manufacturing or services for reasons such as skill availability, cost competitiveness and attractiveness to mobilize executives to conduct business,” she added.
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