Wages in India increased to 272.19 INR/Day in 2014 from 255.65 INR/Day in 2013. Wages in India averaged 146.00 INR/Day from 1965 until 2014, reaching an all time high of 272.19 INR/Day in 2014 and a record low of 3.87 INR/Day in 1965. source: Labour Bureau, Government of India
Wages in India is expected to be 340.95 INR/Day by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Average Daily Wage Rate is projected to trend around 372.33 INR/Day in 2020, according to our econometric models.
India Average Daily Wage Rate
In India, the Average Daily Wage Rate refers to the overall average wage that a worker gets per day in the manufacturing, mining and plantation sectors. Initially, Wage Rate Index Numbers were compiled for twelve selected manufacturing industries. However, during 1976, nine more industries were added to the list of industries for the compilation of index numbers.