Tuesday, June 8, 2010

India, Mumbai 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: Mumbai is the capital of the Indian state of Maharashtra.

City Economy: Mumbai is the commercial and entertainment centre of India, generating 5% of India's GDP, and accounting for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to India's economy. Mumbai is home to important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India and the corporate headquarters of numerous Indian companies and multinational corporations. The city also houses India's Hindi film and television industry, known as Bollywood.
Cost of Living: Mumbai has an overall cost of living index which equates it with middle 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. Mumbai is currently ranked 120 overall, most expensive place in the world for expatriates to live, out of 282 international locations.

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