The newest issue of Asia Briefing magazine, titled “China, India & Vietnam: Setting Up in Asia’s Investment Hotspots”, is out now and available as a complimentary download in the Asia Briefing Bookstore.
Payroll confidentiality is difficult to maintain in Indian workplaces. For many SMEs in India, payroll support services are a business-critical function.
Foreign companies should begin preparing for labor reforms at the state level in the coming year. Following national labor reforms in November 2014, public and private interest groups have renewed calls for labor reforms in 2015.
India’s Provident Fund Scheme (PFS) was amended several times in 2014, particularly following the election of Prime Minister Narendra Modi and his BJP party in May. Recent reports indicate further changes to the PFS have now been proposed and are in the pipeline to be implemented this year.
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. Findings show that while the overall average salary in India will rise by around 11 percent, inflation will cut the increase in “real terms” to around 3.5 percent.
Choosing where to source from can be a stress-inducing process. In this excerpt from an article in our latest India Briefing magazine, we discuss some of the key advantages that India possesses as a sourcing destination over one of its principal rivals: China.
The Indian government has recently released its holiday schedule for 2015. The schedule differs in several instances to 2014’s calendar, with a number of restricted holidays changing status to become gazetted (public) holidays, and vice-versa.
Salaries in India are projected to increase by an average of 10 percent in 2014, according to Aon Hewitt’s Annual Salary Increase Survey, released on Wednesday.