Though with time, India is establishing itself as one of the future superpowers and one of the strongest existing economies, it also faces challenges such as inflation and high prices, especially in urban areas. When it comes to sustaining daily life, some Indian cities stand at the top of the pinnacle.
Without any doubt, Mumbai tops the chart as it’s also the financial capital of India. The dream city is then followed by Hyderabad and Delhi.
In terms of living, homes become the most critical aspect, and the EMI rates are the basic parameter of this survey.
Mumbai tops the chart with an EMI-to-income ratio of 55%, which is absolutely shocking. Hyderabad reports a major drop in terms of the ratio, at 31%. Delhi, the capital city, comes in third place with a ratio of 30%.
Delhi is also followed by two southern cities, Chennai and Bangalore. The latter one always gained the reputation of being an extremely costly city, but its fifth-place ranking is somewhat shocking. The sixth place is occupied by a city from the eastern part of India, Kolkata.
Now, without any doubt, you can’t really expect cheap lifestyles in these cities as they play a crucial part in the nation’s economy. However, these stats don’t reflect the fact that there are very affordable alternatives to start living, and you can always climb the ladder up.
