Salary Difference– India is lowest salary paying countries in the world. Salary Difference between India and other country is too high. It is applicable for all major professions. This is prime reason why Indian people leave India and search for job in other countries. Today we will see what is salary difference between India and other countries?
I will also throw light on what are the prime reasons of low salary in India. Average starting salary in India is less than 25,000 Rs per month. While in other country starting salary is 5-6 times higher than India.
To understand this in better way here is simple table showing average salary difference between India and other country. This salary details are approximate and collected based on various information available on Internet.
Salary Difference between India and other countries
Reference – ScoopWhoop
Why Salary Difference between India and other Countries is high?
As discussed earlier India is lowest salary paying country. Reasons why in India salary level is low are given below.
Standard of Living
Standard of living in India is low compare to any other countries. Low standard of living means one can live life with low expense. In India also if we compare salary of city like Mumbai salary are high compare to other cities. This could be one of the reasons of low salary in India.
Low Minimum Wage
Minimum wage set by the government of India is 8000 Rs. It seems to lower figure looking at current inflation. Industry consider minimum wage as base while deciding salary.
India is small country with high population. Majority of Indian people are coming from poor or middle class family. Due to high population people are ready to work with low salary.
Less Job opportunities and Unemployment
In India Job opportunities available in private and public sector is low. Many young people of India is unemployed. Company takes unnecessary advantage of unemployment and less job opportunity. This is the main reason why salary difference is high compare to other countries.
Low Currency Value
Valuation of Indian rupee as a currency is low compare to US dollar and other currencies. Low currency value makes lot of impact on salary difference.
This salary difference is prime reason of Brain Drain Situation in India.
Hope government will take steps in direction to increase salary of Indian people.