As per a survey report in a site no Indian city figure among the most expensive cities in the world (only Asian city in this list is Tokyo). Is it an indication that India is still cost effective and hence an ideal destination for foreign investment. Your views?
2) Indian cities cannot be compared qualitatively to the cities of the developed countries, cities of the Gulf countries, cities like Singapore, Hong Kong, Kuala Lumpur, Japanese and Chinese cities.
3) So the Indian cities look cheaper because of the cheaper quality, cheaper standard of life, creaking infrastructure, and lack of basic necessities like hygienic water, air, health facilities, food, accommodation, hotels and entertainment. When you enter Mumbai, the stink of open air defecation greets you immediately and you get the feeling that you would never want to return to the city once again. It is the same story in most of the big and small Indian cities with varying degree of difference only.
4) So I think that this kind of cheapness is not attractive for the quality conscious foreign investors.
but not overall for ourselves