![]() ![]() Let’s take a look at the average salaries in key locations (cities and states) across the country: Location Salary comparison by locationĪn Indian employee’s salary may vary based on their job location. Individual salaries may differ significantly. Note: All these salary figures are only guidelines. Here’s an approximate breakdown of how salaries increase with increasing work experience: Number of Years of Experience Salary Explorer’s salary report reveals that, on average, a person’s starting salary usually doubles by the time they cross the ten years experience mark. It’s a given that any employee’s pay scale will increase with their work experience. Note: Salary estimate based on education depends on the different job locations and the chosen career field. holders earn high salaries that are approximately 23% more than Master’s Degree holders for the same job title. Similarly, professionals with a Master’s Degree make up to 29% more than those with a Bachelor’s Degree. The scenario isn’t any different in India.Ī survey by shows that employees with a certificate or a diploma earn 17% more than their peers who have only graduated from high school.Įmployees with a Bachelor’s Degree earn an average of 24% more than those who only have a certificate or a diploma. In most countries, you’ll earn a bigger paycheck if you have a higher education. Let’s take a look at the salary comparison across different professions in India (full time job): Profession The salaries also differ based on the job profile and the type of job (full time, part-time, freelance, etc.) within each of these sectors. The average base salary in India varies drastically across different sectors like IT, manufacturing, customer care, etc. We’ll compare the average salaries in India based on each one of these parameters. These factors include profession, education, work experience, location, etc. While it’s easy to determine the average income in any country, what you actually pay an employee depends on several variables. Salary data like the national average salary, the median salary, and the salary range can help you understand the Indian population and economy. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. ![]() However, this doesn’t mean that the actual highest salary in India is only 1.43 Lakhs. India’s average salary range extends from 8,080 INR per month (98 USD) to 143,000 INR per month (1,734 USD). In this case, the average salary is 33,333 INR, whereas the median salary is 30,000 INR. The median salary represents the middle value between all salaries considered, while the average divides the sum of all salaries by the number of salaries considered.įor example, let’s say employee A earns 20,000 INR, employee B earns 30,000 INR, and employee C makes 50,000 INR. ![]() How is the median salary value different from the average salary? This implies that half of the Indian population earns less than 27,200 INR every month, while the other half earns more than 27,200 INR. India’s median salary is 27,200 INR per month (330 USD). However, other key indicators like the median salary and the average salary range can help you get a broader overview of the country. What is the average salary in India?Īccording to Salary Explorer, India’s national average salary amounts to 387 USD per month, as per the exchange rates in June 2023.Ī country’s average salary is an important indicator of its standard of living. ![]() Top 3 industries commonly outsourced to India.We’ll also discuss the top 3 industries commonly outsourced to the country. In this article, we’ll take a deep dive into the average salary in India, its comparison with other countries, and the minimum wage in India. And that makes India one of the most popular outsourcing destinations in the world. The average Indian salary is significantly lower than average salaries in countries like the USA (7,900 USD) or even Russia (1,392 USD). Like anywhere else in the world, salaries in India are affected by several factors including, an employee’s education, city, gender, age, and work experience. That is 387 USD per month, according to the exchange rates in June 2023. In 2023, the average salary in India is 31,900 INR (Indian Rupee) per month or 383,000 INR per annum. If you’re wondering what India’s average salary is or how much it’ll cost to hire a workforce in India, we’ve got you covered. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |