India's salary growth at 0.2%, GDP gain of 63.8% since 2008 - News Summed Up

India's salary growth at 0.2%, GDP gain of 63.8% since 2008


a salary growth +India's salary growth +Starting salaries in India amongst lowest in Asia-Pacific: Study Entry-level salaries in India are amongst the lowest in the Asia Pacific region, a study by professional services firm Towers Watson says. "Moststood at either one end of the scale or the other either amongst the highest for wage growth, or amongst the lowest. However, India stood right in the middle, with all the mature markets," the report said.The report further noted that Indian wage growth is the most unequal. This has led to poor job growth, therefore an oversupply of un/semi-skilled people, and poor wage growth," Frost said.Globally, the United States suffered one of the worst salary recoveries among developed nations. "While overall, global economists point to this recovery as one of the worst in history, there are political, economic and social reasons for the disparate salary fluctuations in different countries," Frost said.


Source: Times of India September 15, 2016 07:42 UTC



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