New Delhi: Annual base salaries in India across levels are the lowest in the Asia Pacific region, says a survey. Willis Towers Watson on Tuesday also said that China's base salaries across all job grades are higher than in India by 64-100 per cent.
The annual base salaries in India are the "lowest in the Asia Pacific (APAC) region and significantly lower than China", it said.
In the APAC region, entry-level salaries for white-collar professionals are among the lowest in India and the Philippines at an average annual base salary of around USD 11,000. Their peers in China receive almost twice as much, the survey said.
"At approximately USD 66,000, India offers the lowest average annual base salary across the region, which is almost half that of China," it added.
"China salaries are notably higher across levels as compared to India - 81 per cent higher at entry-level, 84 per cent at mid-level, double at senior level and 64 per cent at top management level," it noted.
Sambhav Rakyan, Data Services Practice Leader, Asia Pacific at Willis Towers Watson said that a young and tech-savvy workforce as well as comparatively lower salaries, especially at the entry level, augur well for India's quest to emerge as a top manufacturing destination.
Comments
0 comment