Saturday, June 19, 2010

India, Bangalore Cost of Living April 2010

Country Full Name: Republic of India.

Location: India is in Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan.

Country Climate: Varies from tropical monsoon in south to temperate in north.

Country Terrain: Upland plain (Deccan Plateau) in south, flat to rolling plain along the Ganges, deserts in west, Himalayas in north.

Major Languages: Hindi, English and at least 16 other official languages.

Major Religions: Hinduism, Islam, Christianity, Sikhism, Buddhism, Jainism.

Country Population: 1186.3 million (2008 est.) 1203.3 million (2009 est.).

Country Economy: The economy of India is the twelfth largest economy in the world by nominal value and the fourth largest by purchasing power parity (PPP). In the 1990s, following economic reform from the socialist-inspired economy of post-independence India, the country began to experience rapid economic growth, as markets opened for international competition and investment. In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base.

Currency: Indian Rupee (INR).

Country Inflation: 8.3% (2008 est.) 8.7% (2009 est.).

City: Bangalore is the capital of the Indian state of Karnataka.

City Economy: Bangalore evolved into a manufacturing hub for heavy industries such as Hindustan Aeronautics Limited, Indian Telephone Industries (ITI), Hindustan Machine Tools and Bharat Electronics Limited (BEL) after India gained independence from Great Britain in 1947. Within the last decade, the establishment and success of high technology firms in Bangalore has led to the growth of Information Technology (IT) in India. IT firms in Bangalore employ about 35% of India's pool of around 1 million IT professionals. Bangalore accounts for the highest IT-related exports in the country.
Cost of Living: Bangalore has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups. Bangalore is currently ranked 197 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

For more cost of living information on India, Bangalore