Delhi, Mumbai among World's Cheapest Major Cities

Further, it was noted that the largest wage differences were in Asia, where the highest value (Tokyo) is twelve times higher than the lowest (Delhi). In terms of wage levels Zurich, Geneva, Copenhagen and Oslo (Norway) took the top four spots, while Delhi, Jakarta, Manila and Mumbai comprised the bottom four.

In the U.S., Europe and Asia, electronics goods are viewed as products for daily use, while in Africa and other parts of the world they have the status of luxury items. The electronics basket costs $3,610 in Mumbai, only slightly more than the $3,590 it costs in Los Angeles. Western Europe, where the basket costs an average of $5,006, is at the upper end of the price list and is hence not an attractive shopping destination for electronics goods compared to other regions.

Further, the study revealed that in Mumbai increased immigration of workers is responsible for the rise in rents. It is also cheapest to travel by train in the Asia cities of Mumbai, Jakarta and Bangkok.