Hyderabad: All the concerns that RBI had about soaring inflation might have been put to rest, if the governor had considered the conclusions of a survey done by a New York-based website.
According to the survey, India is the most affordable country in the world, with the lowest cost of living.
The website, Numbeo, claims that one could live in India by spending 73.73 per cent less than what he would have spent in New York.
With 26.27 points in the cost of living index, India has emerged as the most affordable country than most of the impoverished countries like Zimbabwe, Ethio-pia, Mozambique, etc.
In terms of affordability, India is followed by Nepal, Pakistan, Tunisia and Algeria.
Switzerland is the costliest country to live in, followed by Norway, Venezuela, Iceland and Denmark. While the UK is 10th costliest, France 14, Japan 21, and the US stands at the 24th rank, according to Numbeo.
As against other firms that compile cost of living indices, Numbeo collected data from user inputs, and also from sources such as websites of supermarkets, taxi websites, governmental institutions, etc.
