What makes Mumbai one of the most expensive cities to live in?

Mumbai is often referred to as the city of dreams. And indeed, it is because thousands come to the city each year to realise their aspirations of building a beautiful life. It is also the financial capital of the country, with an estimated GDP (PPP) of USD 606.625 billion (2021). Yet, according to the Mercer cost of living rankings in 2022, the city is the most expensive in India.

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