The country’s capital Delhi has been counted among the most affordable cities among the major cities of the world. According to a global report, Delhi is among the cheapest places among big cities of the world in terms of going on a date, using broadband internet and buying a house. However, the other aspect of the report is that the average salary here is much lower than the major cities of the world. That is, even though expenditure may be low in Delhi, people’s actual purchasing power is affected due to relatively low income.
Lowest expenditure on date and internet
Deutsche Bank’s ‘Mapping the World’s Prices 2026’ report compares 69 major global cities. According to the report, the cost of a normal date in Delhi is the lowest among major cities of the world. At the same time, the monthly cost of broadband internet is also among the lowest in cities. This makes it clear that many everyday services are much cheaper in Delhi compared to other international cities.
Affordable to buy property
According to the report, the cost of buying a home in Delhi is also much lower than cities like New York, London, Singapore, Hong Kong and Zurich. Although real estate prices in Delhi-NCR have risen over the past few years, the city is still considered relatively affordable globally. This is the reason why Delhi can prove to be a better option for first-time home buyers than the cities of many developed countries.
Low salary becomes a big challenge
While the expenses are low, the report also states that the average monthly salary in Delhi is much lower than the big cities of the world. Due to low income, people’s ability to save and invest is affected. Experts say that the real economic condition of any city cannot be assessed only by low prices. The balance between people’s income and expenditure is equally important.
Impact on quality of life too
The report also indicates that quality of life does not depend only on cheap goods or services. Better health facilities, public transport, clean environment, employment opportunities and income levels also play an important role. The cost of living in Delhi may be low, but challenges like pollution, traffic and low salaries affect the standard of living of the people.
What do experts say?
Economists believe that Delhi’s biggest strength is its low cost of living, but if income does not increase proportionately then its benefits remain limited. As employment, wages and infrastructure improve in the coming years, Delhi could become a more attractive city to live and work globally. At present, this report brings forward the picture of the capital, where both low expenditure and low income co-exist.
Leave a Reply