In 2024, the salary increase across India was 9.5 percent, a slight decline since last year. The salary increase in India was the highest among the Asia-Pacific countries. The salary growth is expected to stay the same in 2025 at 9.5 percent. Sectors driving growth Sectors like Pharmaceuticals, manufacturing, insurance, captives, and SSO are projecting above the general industry salary median for 2025. With its highly skilled talent pool, India’s global capability centers (GCCs) are driving the projected salary increases. Outlook The projected increase in salary in 2025 is expected to be similar to 2024. Cost management, inflation, fear of recession, and a tighter labor market are some factors leading to 2025 projections. 2023 witnessed the highest salary increase during the recorded period, with a 10 percent growth.

Wages in India increased to 21103 INR/Month in the second quarter of 2024 from 21036 INR/Month in the first quarter of 2024. This dataset provides the latest reported value for - India Average Daily Real Wage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The salary increases are expected to decline across most sectors in 2025. The e-commerce industry offers the highest increase in salaries in India at 10.5 percent. It is followed by the financial services sector, which has consistently been the highest salary payer. Salary hikes in the sector are expected to be 9.4 percent, down from over 10.4 percent in 2022.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

According to the survey conducted on work life aspects of young Indians in 2020, over 35 percent of millennials earning more than 100 thousand Indian rupees per month expected their income to rise by more than 75 percent. Furthermore, only ten percent of respondents earning the same income expected their salary to increase by 25 percent.

According to a salary budget planning survey conducted in the Asia-Pacific region, companies in India experienced the highest salary increase, at 9.8 percent, in 2023. The country's salary growth rate was projected to remain the highest among the surveyed countries in the region in 2025, at around 9.5 percent.

The overall salary increment for the IT-BPM industry was estimated to increase to as high as 9.1 percent in 2023 in a survey conducted during April to August 2023. The average increments for the technology services sector in India increased from 8.8 percent in 2021 to 10.3 percent in 2022.

India State Finances: Actuals: Expenditure: Wages and Salaries data was reported at 8,690,254.000 INR mn in 2023. This records an increase from the previous number of 7,907,207.000 INR mn for 2022. India State Finances: Actuals: Expenditure: Wages and Salaries data is updated yearly, averaging 1,241,000.000 INR mn from Mar 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 8,690,254.000 INR mn in 2023 and a record low of 185,500.000 INR mn in 1991. India State Finances: Actuals: Expenditure: Wages and Salaries data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FE014: State Finances: Expenditure: Wages and Salaries: Actuals.

India State Finances: Expenditure: Wages and Salaries data was reported at 10,272,130.000 INR mn in 2025. This records an increase from the previous number of 9,600,059.000 INR mn for 2024. India State Finances: Expenditure: Wages and Salaries data is updated yearly, averaging 1,366,600.000 INR mn from Mar 1991 (Median) to 2025, with 35 observations. The data reached an all-time high of 10,272,130.000 INR mn in 2025 and a record low of 185,500.000 INR mn in 1991. India State Finances: Expenditure: Wages and Salaries data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FE011: State Finances: Expenditure: Wages and Salaries.

India Average Daily Wage Rate: Rural: Agricultural: Women: General Agricultural including Watering and Irrigation Workers data was reported at 216.630 INR in Aug 2018. This records an increase from the previous number of 215.400 INR for Jul 2018. India Average Daily Wage Rate: Rural: Agricultural: Women: General Agricultural including Watering and Irrigation Workers data is updated monthly, averaging 188.425 INR from Nov 2013 (Median) to Aug 2018, with 58 observations. The data reached an all-time high of 216.630 INR in Aug 2018 and a record low of 161.280 INR in Dec 2013. India Average Daily Wage Rate: Rural: Agricultural: Women: General Agricultural including Watering and Irrigation Workers data remains active status in CEIC and is reported by Labour Bureau Government of India. The data is categorized under India Premium Database’s Labour Market – Table IN.GBB002: Average Daily Wage Rate: Rural: Agricultural.

India Average Daily Wage Rate: Rural: Agricultural: Men: Ploughing and Tilling data was reported at 316.890 INR in Aug 2018. This records an increase from the previous number of 312.260 INR for Jul 2018. India Average Daily Wage Rate: Rural: Agricultural: Men: Ploughing and Tilling data is updated monthly, averaging 285.305 INR from Nov 2013 (Median) to Aug 2018, with 58 observations. The data reached an all-time high of 317.730 INR in May 2018 and a record low of 252.400 INR in Jan 2014. India Average Daily Wage Rate: Rural: Agricultural: Men: Ploughing and Tilling data remains active status in CEIC and is reported by Labour Bureau Government of India. The data is categorized under India Premium Database’s Labour Market – Table IN.GBB002: Average Daily Wage Rate: Rural: Agricultural.

India’s per capita net national income or NNI was around 200 thousand rupees in financial year 2025. The annual growth rate was 8.6 percent as compared to the previous year. National income indicators   While GNI (Gross National Income) and NNI are both indicators for a country’s economic performance and welfare, the GNI is related to the GDP plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation. In 2020, India ranked second amongst the Asia Pacific countries in terms of its gross national income. This has been possible due to a favorable GDP growth in India. Measuring wealth versus welfare   National income per person or per capita is often used as an indicator of people's standard of living and welfare. However, critics object to this by citing that since it is a mean value, it does not reflect the real income distribution. In other words, a small wealthy class of people in the country can skew the per capita income substantially, even though the average population has no change in income. This is exemplified by the fact that in India, the top one percent of people, control over 40 percent of the country’s wealth.

India RBI: Industrial Outlook Survey: Salary or Other Remuneration: Assessment for Current Quarter: Increase data was reported at 28.500 % in Mar 2019. This records a decrease from the previous number of 29.800 % for Dec 2018. India RBI: Industrial Outlook Survey: Salary or Other Remuneration: Assessment for Current Quarter: Increase data is updated quarterly, averaging 30.300 % from Sep 2013 (Median) to Mar 2019, with 23 observations. The data reached an all-time high of 42.100 % in Jun 2017 and a record low of 25.300 % in Dec 2014. India RBI: Industrial Outlook Survey: Salary or Other Remuneration: Assessment for Current Quarter: Increase data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SB025: Industrial Outlook Survey: Reserve Bank of India: Salary or Other Remuneration.

Inflation Rate in India decreased to 3.16 percent in April from 3.34 percent in March of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

About this dataset

Context

The dataset illustrates the median household income in Indian Point, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Indian Point decreased by $16,637 (21.16%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 7 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Indian Point median household income. You can refer the same here

The national floor level minimum wage in India in 2024 was 178 Indian rupees per day and has remained consistent for the last few years. The National Floor Level Minimum Wage (NFLMW) is the minimum wage below which no state government can fix. Different states set their minimum wages. The NFLMW was brought into effect in 1996 by the Indian central government. Stagnant minimum wages The Labor Ministry revises the NFLMW every two years, below which states should not fix their minimum wage. The ministry last revised it in 2017. As per economists, the non-revision of the NFLMW hurts the wages of workers engaged in bidi production, plantations, and similar sectors that often employ women. Living wage versus minimum wage India plans to replace its minimum wage system with a living wage by 2025 and has sought assistance from the International Labor Organization (ILO) to develop a framework. The ILO defines a living wage as the wage level necessary to afford a decent standard of living, given a country’s circumstances, whereas the minimum wage is the lowest remuneration required by law to be paid by employers to employees for work performed during a given period. The shift aims to elevate millions out of poverty and to ensure the well-being of unorganized workers.

Disposable Personal Income in India increased to 296383300 INR Million in 2023 from 273364818.90 INR Million in 2022. This dataset provides - India Total Disposable Personal Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Daily Wage Rate: Range: Uttarakhand: Maximum data was reported at 382.810 INR in 2021. This records an increase from the previous number of 307.160 INR for 2020. Minimum Daily Wage Rate: Range: Uttarakhand: Maximum data is updated yearly, averaging 276.290 INR from Dec 2008 (Median) to 2021, with 14 observations. The data reached an all-time high of 382.810 INR in 2021 and a record low of 152.500 INR in 2008. Minimum Daily Wage Rate: Range: Uttarakhand: Maximum data remains active status in CEIC and is reported by Labour Bureau. The data is categorized under India Premium Database’s Labour Market – Table IN.GBE001: Minimum Daily Wage Rate: Minimum Wages Act, 1948.

Adjusted net national income per capita (annual % growth) in India was reported at 9.5651 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

India RBI: Services and Infrastructure Outlook Survey: Infrastructure: Salary/Wages: Assessment: Increase data was reported at 35.948 % in Mar 2025. This records an increase from the previous number of 34.900 % for Dec 2024. India RBI: Services and Infrastructure Outlook Survey: Infrastructure: Salary/Wages: Assessment: Increase data is updated quarterly, averaging 31.746 % from Sep 2017 (Median) to Mar 2025, with 31 observations. The data reached an all-time high of 56.314 % in Dec 2022 and a record low of 11.470 % in Jun 2021. India RBI: Services and Infrastructure Outlook Survey: Infrastructure: Salary/Wages: Assessment: Increase data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Business and Economic Survey – Table IN.SE021: Services and Infrastructure Outlook Survey: Reserve Bank of India: Infrastructure: Salary/Wages.