Friday, August 12, 2011

Moving to Mumbai

Today we look at moving to Mumbai in India from Conakry in Guinea. We highlight cost of living and other major differences likely to be experienced in our series of short blogs on moving between different international locations.
In Mumbai people speak Hindi, English and at least 16 other official languages. In Conakry people speak French and various tribal languages.

Mumbai is the capital of the Indian state of Maharashtra. Conakry is the capital and largest city of Guinea.
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. Conakry is a port city on the Atlantic Ocean and serves as the economic, financial and cultural center of Guinea. Conakry is Guinea's largest city and its administrative, communications, and economic center. The city's economy revolves largely around the port, which has modern facilities for handling and storing cargo, through which alumina and bananas are shipped.

The overall cost of living rank in Mumbai is 122 out of 300 global locations, which equates it with middle cost of living locations.  An expatriate moving from Conakry to Mumbai will experience a change in cost of living of 8.4%.
In terms of the hardship people are likely to experience, assessed in global terms, Mumbai is ranked as a high degree of hardship location with a hardship index of 30% compared to Conakry with a hardship index of 40% which is an extreme hardship location.

Source: as at July 2011.

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