'Mumbaikars work longest hours in world'

MUMBAI: Mumbaikars are the hardest working and put within the longest hours amongst 77 main towns of the sector, in line with a record through Swiss Bank UBS. The reasonable Mumbaikar works 3,314.7 hours a yr as in opposition to an average of one,987 hours and more than twice as much as main European towns like Rome (1,581 hours) or Paris (1,662 hours).

However, Mumbaikars don't seem to be in a position to find the money for the must-haves for millennials across the world. For instance, a New Yorker can find the money for an iPhone X with 54 hours of work, whereas for a Mumbaikar, the cost of this iPhone is an identical to 917 hours wages. Also, if condo expense is factored in, value of residing in Mumbai is 46% that of New York. Mumbai is extra reasonably priced in services and products akin to haircut for a male, which is round 228 minutes of wages as in opposition to 128 minutes for New York.

In phrases of hourly income, Geneva, Zurich and Luxemborg most sensible the record with Mumbai coming in second closing at quantity 76, most effective forward of Cairo. Even African towns like Nairobi and Laos rank upper than Mumbai on the reasonable income table.

For the study, UBS has checked out 15 professions that copy the herbal personnel composition of a European nation. Zurich is still the most costly within the record’s score (together with and aside from rent each), and Luxembourg tops for purchasing energy (gross hourly pay). Interestingly probably the most international's costliest towns, Hong Kong, is on the bottom in terms of value of goods that millennials aspire for.