Thursday, January 20, 2011

India, Calcutta - Cost of Living

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.

Calcutta is the capital of the Indian state of West Bengal. Calcutta is the main business, commercial and financial hub of eastern India and the northeastern states. It is home to the Calcutta Stock Exchange India's second-largest bourse. It is also a major commercial and military port, and the only city in the region to have an international airport.

Calcutta 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.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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