Photographs: Arko Datta/Reuters
In a finding that may baffle many Indians, Mumbai has emerged as the world's cheapest city to live in, followed closely by New Delhi at third place.
According to the Economist Intelligence Unit's (EIU) 2014 'Worldwide Cost of Living' survey, Singapore, on the other end of the spectrum, is the world's most expensive city.
The reason for the Indian cities scoring high on the lower end is attributed to inequality between the richest and poorest in India's major cities which keeps wages and prices low, while spending is also stifled by government subsidies.
The 'Worldwide Cost of Living' is a twice-yearly EIU survey that compares more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.
Let’s take a look at the cheapest cities in the world.
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Ali Jarekji/Reuters
Riyadh
Country: Saudi Arabia
Global rank: 122
Rank movement: -3
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Reuters
Jeddah
Country: Saudi Arabia
Global rank: 123
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Henry Romero/Reuters
Panama City
Country: Republic of Panama
Global rank: 124
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Radu Sigheti/Reuters
Bucharest
Country: Romania
Global rank: 124
Rank movement: +2
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Zohra Bensemra/Reuters
Algiers
Country: Algeria
Global rank: 126
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Gopal Chitrakar/Reuters
Kathmandu
Country: Nepal
Global rank: 127
Rank movement: +1
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Khaled Al Hariri/Reuters
Damascus
Country: Syria
Global rank: 127
Rank movement: -11
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Anindito Mukherjee/Reuters
New Delhi
Country: India
Global rank: 129
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Akhtar Soomro/Reuters
Karachi
Country: Pakistan
Global rank: 130
Rank movement: 0
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Mumbai is the cheapest city in the world, Delhi ranks 3
Photographs: Reuters
Mumbai
Country: India
Global rank: 131
Rank movement: -1
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