Chennai is the capital city of the Indian state of Tamil Nadu. Chennai's economy has a broad industrial base in the car, technology, hardware manufacturing, and healthcare industries. The city is India's second largest exporter of software, information technology (IT) and information-technology-enabled services (ITES). A major chunk of India's car manufacturing industry is based in and around the city. India is in Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan. Varies from tropical monsoon in south to temperate in north. Upland plain (Deccan Plateau) in south, flat to rolling plain along the Ganges, deserts in west, Himalayas in north. The official languages are Hindi and English. Business is conducted in English. Indian business associates may speak to one another in Hindi or their local language, it is not expected of foreign business executives to speak or understand a local language. Hotel and airline staff speak English. The main religions are Hinduism, Islam, Christianity, Sikhism, Buddhism, Jainism. The economy of India is the twelfth largest economy in the world by nominal value and the fourth largest by purchasing power parity (PPP). In the 1990s, following economic reform from the socialist-inspired economy of post-independence India, the country began to experience rapid economic growth, as markets opened for international competition and investment. In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base. The population in Chennai is 8.7 Mil (2014 est.), while the inflation rate is 7.31% (2014 est.).
Cost Of Living
The cost of living for expatriates in Chennai as at 1 October 2014 is very low in comparison to other places in the world. In Chennai , the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: High 2) Clothing: Average 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: High 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Average 9) Miscellaneous: Average 10) Personal Care: Very Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Very Low Chennai is for example -21.8% cheaper than Montevideo for groceries, 6.1% more expensive for household costs than Durban, and -30.2% cheaper for transport costs than Athens. Chennai is ranked as a high degree of hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Chennai for an expat from Zurich is for example 20%, i.e. host location (Chennai ) premium of 30% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Chennai ? Register subscribe to your home location and Chennai and run your personalised reports.