NEW DELHI: India has seen a salary growth+ of just 0.2 per cent since the great recession eight years back, while China recorded the largest real salary growth of 10.6 per cent during the period under review, says a report.
According to a new analysis by the Hay Group division of Korn Ferry, India's salary growth+ stood at 0.2 per cent in real terms, with a GDP gain of 63.8 per cent over the same period.
During the period under review, China, Indonesia and Mexico had the largest real salary growth at 10.6 per cent, 9.3 per cent and 8.9 per cent, respectively.
R K Sharma,
But this does not reflect the money siphoned off by the bureaucrats and politicians. Their salaries have grown faster than the GDP.
Very well said. Corruption is making citizens poorer and helping people like Vijay Mallya become richer.
Every commodity price increased but Salary not increased... Rail fare increased but Salary not increased... Petrol price is ridiculous when crude oil in international market is at its lowest... So, we Indians are being cheated & exploited by every vested interest...!!!
This is the real problem and the reason of why benefit of economic growth is not flowing to common man ?
All Fake figures to show growth, where it isn''t. The FM has a model which will collect more from the middle class salaried people of India and show that India has grown. The quality of life has deteriorated over last few years, first Cong and now BJP all are after people''s money for their personal or party''s benefit. Acche din ... is for Cong or BJP regardless whether Manmohan Singh said it first or Modi. Future is not so promising for the middle-class people.
This means that someone is stealing my lunch and eating it silently
All is meaning less ! What matters how much You can save at the month end ! So what is real salary in India ? :-)
Thank goodness I''m retired. I don''t have to go through this sh!t
And that is precisely why professionally qualified Indians migrate to other countries! We are loosing our talent bank slowly but surely..