Surat is the commercial capital city of the Indian state of Gujarat. Surat is largely recognised for its textile and diamond businesses. It is known as the diamond capital of the world with 92% of the world's diamonds cut and polished in Surat. It is also known as the textile capital city of India with the highest number of embroidery machines than any other city. Surat has one of the highest GDP growth rates in India. 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 Surat is 5.9 Million (Metro) (2018 est.), while the inflation rate (CPI) is 4.58% for India as at April 2018. For a single Expat, the personal income tax rate in India is progressive up to 30%, plus additional surcharges of up to 15% for high income earners, therefore up to a combined maximum of 45%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Surat, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Surat as at 1 April 2018 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very Low 3) Communication: Very Low 4) Education: Very Low 5) Furniture & Appliances: Average 6) Groceries: Low 7) Healthcare: High 8) Household Accommodation: Average 9) Miscellaneous: Low 10) Personal Care: Very High 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Very Low Surat is for example 4.1% more expensive than Houston TX for groceries, 20.2% more expensive for household costs than Kuala Lumpur, and -29.7% cheaper for transport costs than Dubai. The hardship premium for Surat for an expat from Perth, is for example 20%, i.e. host location (Surat) premium of 30% minus home (Perth) location premium of 10%. Surat 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 Surat? Register subscribe to your home location and Surat and run your personalised reports.