Mumbai is the capital of the Indian state of Maharashtra. Mumbai is the commercial and entertainment centre of India, generating 5% of India's GDP, and accounting for 25% of industrial output, 40% of maritime trade, and 70% of capital transactions to India's economy. Mumbai is home to important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India and the corporate headquarters of numerous Indian companies and multinational corporations. The city also houses India's Hindi film and television industry, known as Bollywood. India is in Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan. The climate varies from tropical monsoon in the south to temperate in the 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 and 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. Business dress is smart, conservative and discreet. Business is generally best conducted by maintaining an even conversational tone and to restrain any signs of impatience, frustration or anger. Indians prefer to be addressed by their professional titles or by Mr, Mrs, Miss. It is best not use their first names unless invited to do so. The security risk for expatriates in India is generally medium to high, but varies across the country. Risks include petty crime, such as pickpocketing, mainly in crowded tourist areas, crime against women (including rape), risks associated with protest action (which can become violent), and terrorism by separatist groups and guerrillas, although the risk to expatriates is relatively low. The currency of India is the Indian Rupee (INR). Medical facilities are not generally comparable to those of Western Europe and North America, especially in rural areas. In major cities private medical care is available, but it is expensive. Dengue fever is common. The population of Mumbai is 20.8 Million (Metro) (2019 est.), while the inflation rate (CPI) is 3.99% for India as at September 2019. Xpatulator Hypothetical Tax for India is based on the current personal income tax rates of up to 30%, plus additional surcharges of up to 10% to 15% for high income earners, progressive up to a combined 45%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Mumbai is as follows: Mumbai as at 1 October 2019 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$1030 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$630 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$86 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$12000 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1675 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$630 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$880 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$3150 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$300 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$610 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$275 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$320 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$440 Mumbai is -1.4% cheaper than Houston TX for groceries, 47.3% more expensive for household costs than Kuala Lumpur, and -25.8% cheaper for transport costs than Dubai. The hardship premium for Mumbai for an expat from Perth, is for example 20%, i.e. host location (Mumbai) premium of 30% minus home (Perth) location premium of 10%. Mumbai is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Mumbai? Register subscribe to your home location and Mumbai and run your personalised reports.