Bengaluru has been named the world’s most affordable tech city in the new Savills Tech Cities Index 2017. The Indian technology hub is the most affordable out of 22 cities that were graded on different parameters.
Overall, Bengaluru ranks 20th among tech cities in the world while Austin topped the list, followed by San Francisco and New York. But when it comes to the cost of living index, Bengaluru tops the charts with a weekly residential rent for tech employees and household.
The average house rent in Bengaluru, the only Indian city to make it to the list, is Rs 15,250, while in San Francisco, it is Rs 50,000. Bengaluru is cheaper than Cape Town, Santiago, Buenos Aires and Berlin, according to the Savills Tech Cities Index.
Important Takeaways from above News for BOB PO Exam-
- Bengaluru named as the Silicon valley of India
- Bengaluru also named as the Information Technology (IT) capital of India.
Source- The Indian Express
If you have any other takeaways, do share with us in the comment section