Homeeconomy News

    Here's why Mumbai, New Delhi and Bengaluru are India's most-millennial friendly cities

    Here's why Mumbai, New Delhi and Bengaluru are India's most-millennial friendly cities

    Here's why Mumbai, New Delhi and Bengaluru are India's most-millennial friendly cities
    Profile image

    By CNBC-TV18  IST (Published)

    Mini

    According to a study by Singapore-based financial analysis site ValueChampion, these three Indian cities rank in the top 20 of millennial-friendly cities in the Asia Pacific region.

    There is good news for millennials who are planning to work in Indian metro cities such as Bengaluru, New Delhi and Mumbai.
    According to a study by Singapore-based financial analysis site ValueChampion, these three Indian cities rank in the top 20 of millennial-friendly cities in the Asia Pacific region. Bengaluru ranks 18th while New Delhi and Mumbai tied at 19th spot. Singapore, according to the study, is ranked number one in the list.
    Here's the full list:
    In India, the three cities are the most sought-after location for the 18-24 age group as they offer easy connectivity and job opportunities.
    The cities also offer diversity in its culture as most of the people in those cities have migrated from other places.
    Mumbai, New Delhi and Bengaluru have India's top-most colleges, headquarters of major firms and offer top-notch infrastructure, which makes it more convenient for those who are looking to migrate to any of these cities.
    Factors
    The cities were categorised under these three aspects: employment prospects, cost of living and quality of life.
    The employment prospects take into account the total unemployment rates, the GDP growth, GDP per capita and wage equality between genders, in order to give a broad idea of the economy and thereby, giving a rough picture of what the employment opportunities might be like. India has the highest unemployment rate of 7.4 percent.
    For the cost of living, the report took to account the cost of housing and entertainment. For the cost of housing, it divided the average monthly rent in each city by the country's GDP per capita and for entertainment, used the average price of a pint of beer in each city as a proxy for the cost of entertainment in each city.
    New Delhi, according to the study, is the sixth most affordable place for the cost of entertainment while Bengaluru is the eighth most and Mumbai, the eleventh most.
    For the quality of life in the city, the study took to account the ranks for safety, health, and pollution and examined the statistics including life expectancy, child mortality, a pollution index, among others.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng