![]() In this case, China and Vietnam both have higher real wage increases than India with 5.2 percent and 4.1 percent respectively.Īmong the industries surveyed in Mercer’s report, the one with the highest projected salary increase is the medical life sciences sector, with a 12 percent projected rise for 2015. Although India’s overall increase is the third highest in the Asia-Pacific region after Pakistan and Vietnam, the comparative increase in salaries looks much better after accounting for inflation. 2015 will therefore not see a drastic rise in Indian wages.Ĭompared to other Asian countries surveyed, India’s salary increase is relatively low. In 2014, Indian salaries increased overall by 10.6 percent, but inflation lowered the hike in real terms to just 2.7 percent. These reports are in keeping with recent wage trends in India. However, inflation is projected to cut this increase in “real terms” to around 3.5 percent. Towers Watson and Mercer’s published findings show that the overall average salary in India will rise by 10.8 percent and 11 percent respectively. Towers Watson found that the average Indian wage will see a real increase of around 3.5 percent in its Salary Budget Planning Report, while Mercer’s All Industries Total Remuneration Survey predicts a similar hike of approximately 3.7 percent. Salaries of the government employees appointed to secure welfare of the citizens are going up while the salaries of the citizens are going down.DELHI – The average Indian salary in 2015 will be much the same as in 2014, according to two recently published reports on income trends in Asia. This increase is even more disturbing in view of an International Labour Organization (ILO) study reporting that the wages of workers in the formal sector in India have declined by 3.6 per cent and in the unorganised sector by 22.6 per cent during the Covid pandemic. The salaries of the government servants in India are not only disproportionally high but they are going up and up. According to the budget papers of the Finance Ministry, the share of government consumption in India increased from 10.4 per cent in 2014 to 12.6 per cent in 2020. ![]() This reduced to 17.2 per cent in 2014 and 17.1 per cent in 2019. The share of government consumption in GDP globally was 18.0 per cent in 2009. Another study by the World Bank tells that the global tendency for government consumption has been to move downward in the last decade. ![]()
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