INDOlink – India Business News: Delhi, Mumbai among least expensive world cities

INDOlink – India Business News: Delhi, Mumbai among least expensive world cities.

New Delhi, Aug 24 (PTI) India’s political capital Delhi and financial hub Mumbai have been ranked among the least expensive cities around the world by a survey, even as cost for food and housing in the country continues to rise.

According to a research by Swiss Banking major UBS, Delhi and Mumbai were at the bottom of the price range in the list of most expensive cities that surveyed 73 places worldwide.

On the other hand Oslo, Zurich and Copenhagen were ranked among the most expensive places with skyrocketing living costs in the world.

The findings come at a time when the food and commodities are getting dearer and a drought-like situation is likely to push teh prices further up.