CURRENT AFFAIRS

Detailed explanation-1: -Mumbai (60) moves up one spot to 19th position within Asian cities, from previous year. Globally, Mumbai still ranks (with New York as a common base) higher and more expensive, surpassing cities like Amsterdam (64), Sydney (66), Frankfurt (76), Berlin (80), Toronto (98).

Detailed explanation-2: -Mumbai (127) is the most expensive city in India in terms of both living expenses and accommodation costs, followed by New Delhi (155), Chennai (177), Bengaluru (178), and Hyderabad (192), finds Mercer’s 2022 Cost of Living survey.

Detailed explanation-3: -Mumbai ranked at 127 on the global list of the most expensive cities in the world, and at 1 in India, making it the most expensive Indian city to live in.

Detailed explanation-4: -Considering all the expenses, including school fees, domestic help, food and accessories, among others, a family might have to spend Rs 30, 000-35, 000 per month, which accounts for an expenditure of approximately Rs 4 lakh annually.

Detailed explanation-5: -The Financial Capital of India-Mumbai-is a famously expensive city. It is among the costliest metropolises in the country. The living cost here is higher compared to other major cities like Bangalore, Pune, and Delhi. Well, after all, it is one of the best places to live in India.