Why you should know about the average salary of India and the world.
This is important for your career so the country you live in must know the average salary for a particular job.
We decided to write an article to educate you about the average salary of India.
We talk about the average salaries in India and around the world. Later we compare the two to see how the world lags behind.
So read this article because it will help you choose the right career, you can also read these tips for choosing the right career for you.
Average salary worldwide
Before we talk about the average salary in India we have to look at how the rest of the world works.
As you know, the world is divided into three categories, first world, second world, and third world.
The first world is basically developed countries and the third world is developing countries.
So let’s look at the average salary of some First World countries.
- Norway – 78 3678
- Austria – $ 3473
- United States – 63 3263
- United Kingdom – $ 3065
- Belgium – $ 3035
- Germany – $ 2720
Second World countries
- Russia – $ 1800
- Turkey – $ 1731
- China – $ 656
- Poland – $ 1536
- Hungary – 74 1374
Third World countries (other than India)
- Egypt – $ 548
- Thailand – $ 489
- Philippines – $ 279
So you get an idea of how the rest of the world does when it comes to the average salary.
The United States is the world’s largest economy and the best at an average of $ 3263 and China, on the other hand, pays only $ 656.
The average salary of India
Now after reading the average salary across the globe it gives you an idea of how India is doing.
Before I tell you about the average salary fo India, I would like to say that the average salary in India is increasing annually.
The average salary in India is $ 295 to $ 300.
Although this amount is small compared to the West, it is still growing and this is a good thing.
In 2015, the average salary of a working Indian increased by 3.5%.
The average salary for various sectors if you break down the list
Professional Services rose 11.5%
Financial Services 10%
Pharmaceuticals and Health Services 11.5%
Medical Life Sciences 12%
IT and ITES 10%
Consumer goods 11%
The average salary for a variety of work
As is known, the average salary in India is between 295 to 300 dollars. Now we need to break it down into different tasks.
Software engineer – the average salary is 400 thousand rubles – –
Head of a retail store – the average salary is 350 000 – –
Human Resources Manager – The average salary is 180 000 – –
Civil engineer – the average salary is 350 000 – –
Lectures or professor – The average salary is 240 000 – –
Personal Banker – The average salary of 300,000 rubles – –
Sales staff – the average salary is 240 000 – –
Web Designer – The average salary of 200.00 rubles / –
Thus, we have written a list of jobs in the White collars and their average salary of India. Salaries can vary from city to city.
Now you get a full picture of salaries in India and around the world.
Therefore, you need to know where we stand. Therefore, for comparison, take a software engineer salary in India and the United States.
If you know a software engineer salary in the US is 12 times of unparalleled here in India.
If the average salary of a software engineer in India is about 400 000 rubles /, it is about 40 rubles to 50 lakhs of rupees in the US.
Even if you take the cost of living, which in the United States in the 4 – 5 times higher compared to India, there is still a huge gap.
Why is this so?
Well, one of the reasons – in India too many software engineers, so the low wages. in the US, however, they’re smaller, so they pay you more.
However, you can see the difference.
What is the future?
Finally, we need to talk about the future of the average salary of India. Well! We hope that the average salary in India will continue to grow as the economy grows.
However, you need to understand that wages in some sectors may continue to remain stagnant due to market and government policy.