India Salary Increases to Average 11% this Year
Compares favorably with Chinese increases
Apr. 4 – The Indian HR company Ma Foi Randstad has released its annual Salary Survey Guide, and indicated that salary levels across India are expected to increase an average 11.2 percent for 2012, slightly less than last year’s rate.
The lower rate of acceleration has been put down to a slowing economy and inflationary pressures.
“Pressures in markets in the United States and Europe have affected the (Indian) economy adversely,” comments Ma Foi Randstad CEO E. Balaji.
Ma Foi Randstad surveyed over 400 companies across India for this year’s report, with a common trend of some reduction in profit margins affecting the overall buoyancy of the Indian market.
However, the Indian salary increases compare favorably with China. The Chinese government, as a matter of national policy, has been increasing minimum wage levels by 15 percent to 25 percent annually for the past three years and average salaries across China have been increasing at a similarly rapid pace. We break down the current minimum wage levels and average salaries of China’s major cities on our sister site China Briefing. Those who are interested can check out the following links:
Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in India. For more information, please contact email@example.com, visit www.dezshira.com, or download the firm’s brochure here.
- Previous Article India Decreases Interest Rate for Employees’ Provident Fund
- Next Article India to Introduce 49% Foreign Cap in Aviation Sector