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Average income in India: what is it?

Average income in India: what is it?

The wages and salaries in India differ from what you get in Central Europe.

In the post the average income in South Asia.

introduction

After the colonial power of Great Britain left the country in 1947, India almost turned to communism. The economy was determined by a kind of planned economy.

As a result, there was hardly any strong economic growth in India until the 1990s.

In 1991, however, it was decided to introduce a liberalization of the economy in order to transform the subcontinent into a market and service-oriented economy and to allow foreign investments.

Since then, growth has improved a lot. In the course of this, the average income has also risen.

Today India ranks 6th or 7th (depending on which study you consult) in the largest economies ahead of France. And is also to be overtaken Great Britain.

But how have wages and salaries developed? A little more about this below.

By industrial sector

There are various larger fields in which jobs exist in South Asia.

These are:

  1. IT / software services
  2. agricultural economics
  3. Manufacturing
  4. Service staff
  5. Schools / colleges
  6. The State
  7. Nursing

Almost all employees can be found in these seven fields.

The incomes are very different in each of these areas.

1) Average earnings in software development

IT is an area in which India has excelled enormously.

There are approximately 3 million salaried software developers and similar experts in the field.

Since almost every major provider from Google to Microsoft to SAP is represented in South Asia these days, salaries in this area have also increased.

In smaller companies, the average income for an experienced programmer (from 4 years of professional experience) is around 55,000 Indian rupees per month (around 700 euros per month).

Experienced developers with more professional experience and those who work in large IT companies can easily earn 100,000 to 120,000 rupees per month (1,300 to 1,600 euros per month).

2) In agriculture

This means jobs in which you work in the countryside. For example, support in planting and harvesting bananas, coconuts, rice, etc.

The wages here are actually very low. The daily rate is on average 500 rupees (around 7 euros per day). Depending on the state, there is about 50 percent more or less. In Kerala, for example, you get around 800 rupees a day.

3) In the manufacturing industry

There are more and more companies that manufacture goods in India. Especially in the north of the country, in the state of Gujarat, there are many such projects.

Steel is made there, automobiles are produced and much more besides.

The average income is around 300,000 to 600,000 rupees a year (around 3,900 to 7,800 euros a year).

Often it also depends on the training.

A diploma graduate (similar to vocational training) is more likely to get 3,900 euros a year, while a Bachelor of Engineering graduate (similar to a bachelor's degree in Germany) receives 7,800 euros and more.

With an MBA, up to 1,000,000 rupees per year and more can be achieved (around 13,000 euros per year).

Especially when you move up into management afterwards, wages rise.

4) Service staff

To work as a waitress, for example as a waiter, does not require any training in India. The salaries are rather low there. On average, a service worker in India receives around 200 euros a month as wages.

5) Schools and Colleges

To get a job in schools or universities, you have to take state-regulated exams, which are very competitive. This means that getting started is not that easy. You also need at least a university degree to take these exams.

Sometimes you need several attempts to pass the exams on the one hand and to appear high in the rankings on the other, because that decides whether or not you receive a position.

The salaries in this area are therefore somewhat higher. A teacher at a school or university often receives between 50,000 rupees and 100,000 rupees per month (around 650 to 1,300 euros per month). These incomes are not achieved in the first few years. Over time, however, these are the usual salaries.

Unlike in other occupational groups, these people also receive a generous pension.

6) State employment

Similar to the positions in schools and universities, positions in the state are also very popular.

Here, too, the average income is around EUR 650 to EUR 1,300 per month.

However, it also depends on the exams that you take.

For simple police posts, the salaries are rather low and are around 200 to 300 euros a month.

However, if you pass the exams such as the “Indian Police Service”, or IPS for short, the starting salaries are already 56,100 rupees (around 730 euros per month).

This distinction also applies to banks. There are the simple Bank Clerk Examinations (bank clerk) and the more complex Bank Manager exams. Here, too, the salaries differ.

7) Nursing

Nursing revenues vary widely. A normal nurse will earn an average of around 35,000 rupees a month (around 450 euros). In a special hospital, however, you can get 70,000 rupees (around 910 euros).

However, doctors are among the top earners in India. The income from hospital employment and additional private practice bring income of around 2000 to 4000 euros per month.

Conclusion

Salaries and wages are rising sharply in South Asia. This is also due to the fact that the economy has been liberalized and there is global competition. Companies like Tata Consultancy Company, Infosys and similar offer their services globally.

This also means that salaries rise more rapidly, especially in technology-driven sectors such as software development.

The same can be seen in the manufacturing industry, where more and more companies are producing in India.

This also means that other areas, such as nursing, benefit from it. The salaries for nurses and similar professions are therefore increasing.

It can be assumed that average incomes will rise more rapidly in the next few years.

What are your experiences?

Interesting posts:
Increasing incomes in India
Average earnings in software development

Images: Canva


The author: Sascha Thattil works at YUHIRO and helps entrepreneurs and companies to easily set up programming teams in India. YUHIRO is a German-Indian company which provides IT companies, agencies and IT departments with software developers.

By author on June 4, 2019 / India / Leave a comment