Thursday, January 20, 2011

India, Hyderabad - 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.

Hyderabad is the capital and the most populous city of the Indian state of Andhra Pradesh. Hyderabad has developed into a major hub for the information technology industry in India. The city is home to the world's largest film studio, the Ramoji Film City as well as the Telugu Film Industry, the second-largest in India, known popularly as Tollywood.

Hyderabad 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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