This city is most expensive for expatriates in India

Mercer just revealed its list of most expensive cities in the world for expatriates and it shed light on various aspects.

As per the Mercer's 23rd annual Cost of Living Survey, Luanda, the capital of Angola, emerged as the costliest city, followed by Hong Kong and Tokyo at the second and third places, respectively.

The other seven cities in the list were Zurich, Singapore, Seoul, Geneva, Shanghai, New York City, and Bern.

Speaking about India, Mumbai emerged as the most expensive city for expatriates in India. It ranked higher than Paris, Canberra, Seattle and Vienna.

Meanwhile, New Delhi was placed at 99. Chennai (135), Bangalore (166) and Kolkata (184) were the other Indian cities on the list.

Overall, Indian cities have moved up the global ranking substantially. Mumbai has moved 25 notches up from being at 82 in 2016 while New Delhi has improved to 99 in 2017 from 130 in 2016, Chennai (135 this year from 158 in 2016), Bengaluru (to 166 from 180) and Kolkata (to 184 from 194).

The improvement of ranking of Indian cities was not just on account of internal factors, but also because some global cities fell in ranking following currency volatility, especially in Egypt, Turkey and the United Kingdom, Mercer said.