What is the Average Salary in India?
Among 106 countries survey for the average salary, India surprisingly stood at 72nd place. Does this shock you? Why do you want to know about the average salary? Of course, it will help you to shape your career accordingly.
Buzinessbytes curated shocking data to give you an acknowledgment of the average salary in India.
Also Read: How to rich
The average salary of the world
Let us have a sneak peek at the date around the world.
- Norway – $3678
- Austria – $3473
- US – $3263
- Joined Kingdom – $3065
- Belgium – $3035
- Germany – $2720
The average salary of Second World Countries
- Russia – $1800
- Turkey – $1731
- China – $656
- Poland – $1536
- Hungary – $1374
The average salary of some underdeveloped nations (Other than India)
- Egypt – $548
- Thailand – $489
- Philippines – $279
So you will get a thought about how the rest of the world is doing with regards to average compensation.
The US is the biggest economy in the world and the normal is the awesome $3263 and then again China pays just $656.
The average salary in India
Before starting, one thing is for sure that for India it is rising slowly and gradually. It is around $295 to $300.
In the year 2015, the normal compensation of a working Indian rose by 3.5%.
The average salary for various areas
- Energy by 12%
- Howdy Tech 10.7%
- Monetary Services by 10%
- Drugs and wellbeing Services by 11.5%
- Clinical Life Sciences by 12%
- IT and ITES by 10%
- Shopper Goods by 11%
- Synthetic by 10.8%
- Auto by 10.1%
Normal Salary for Different Jobs
Let us break down is $295 to $300 average salary for different jobs in India.
- Computer programmer – Median Salary would be Rs 400,000/ –
- Retail location Manager – Median Salary is Rs 350,000/ –
- HR Manager – Median Salary is Rs 180,000/ –
- Structural Engineer – Median Salary is Rs 350,000/ –
- Talks or Professor – Median Salary is Rs 240,000/ –
- Individual Banker – Median Salary is Rs 300,000/ –
- Deals Officer – Median Salary is Rs 240,000/ –
- Website specialist – Median Salary is Rs 200,00/ –
Presently you got a total image of pay in India and around the globe. So you need to know where we stand.
So, for an examination take pay of a computer programmer in India and the US. If the average salary in India is around Rs 400,000/ in the US it is around Rs. 40-5- lacs. This is clearly 4 times higher when compared to India.
For what reason is it so?
There are several reasons for this distinction. Some of them are:
- There are such a large number of programmers in India. Anyway in the US they are less so they pay you more.
Anyway, you can see the distinction.
What about the Future average salary?
At last, we need to discuss the fate of the average salary in India. Well! Buzinessbytes do trust the average salary in India will ascend as the economy develops.
One thing you need to understand here is that in certain area’s average salary may in any case stay stale due to the current market norms, also the numerous government policies.