The pay data of a given profession in an organization can be obtained from multiple sources, and hence is useful for many reasons. First and foremost, it can be used as information to estimate the average salary in India , which in turn may be useful for negotiating the salary for the employees.
The cost to live comfortably in India is a fraction of what it costs to live in other parts of the world. With a lower cost of living, you have more money left over after expenses. This leaves more room to save money, travel and retire early.
Average salary in india in us dollars
The Average salary in India was recognized as the lowest cost of capital in research released by the Global 2016 report. During the time when India’s costs have reduced, China is seeing a slight increase in its average salary. Still, China compensates their employees more than 5% more than what Indian workers are paid on average.
The median salary in India is approximately $1,300. This places India at 46th place globally.
India, with a population of 1.21 billion, is the second most populated country in the world. India, in 2016, had a GDP (PPP) of 1.87 trillion and an estimated average salary of 3,246 USD. India has free and compulsory education for 12 years, one of the highest literacy rates and combined primary, secondary and tertiary gross enrollment ratio at 118.
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It is well known that software engineers are a desirable commodity in the job market. Your most valuable IT workers (the developers and architects) will usually have higher salaries and more opportunities than their peers. From what I can see in the market currently, companies value experience and pay based on it. With experience comes familiarity with the technology stack and with common job requirements. This should be a driving force for someone looking to get involved with IT services.
