In 2024, the salary increase across India was *** 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 *** 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 ** percent growth.

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 **** 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 *** percent, down from over **** percent in 2022.

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 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.

Inflation Rate in India decreased to 2.10 percent in June from 2.82 percent in May of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Projected salary increases for 2023 are expected to be slightly lower than 2022 across mentioned job categories in India. Salary growth for the blue-collar workforce is expected to decrease from *** percent in 2022 to * percent in 2023. Overall, the salaries were expected to grow from **** percent in 2022 to **** percent.

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.

Explanation of CPI and the Dataset:

What is CPI?

CPI (Consumer Price Index) measures the average change in prices over time that consumers pay for a basket of goods and services. It is a key indicator of inflation and is used by governments and central banks to monitor price stability and for inflation targeting. Components: The construction of CPI involves two main components: Weighting Diagrams: These represent the consumption patterns of households. Price Data: This is collected at regular intervals to track changes in prices.

Role of the Central Statistics Office (CSO):

The CSO, under the Ministry of Statistics and Programme Implementation, is responsible for releasing CPI data. The indices are released for Rural, Urban, and Combined sectors for all-India and individual States/UTs.

Dataset Alignment:

Sectors: The dataset includes a "Sector" column that categorizes data into "Rural," "Urban," and "Rural+Urban," aligning with the CPI data released by the CSO. Time Period: The "Year" and "Name" (which appears to represent months) columns in the dataset track the data over time, consistent with the monthly release schedule by the CSO starting from January 2011. State/UT Data: Each column corresponding to a state or union territory likely represents the CPI values for that region. The numeric values under each state/UT column represent the CPI index values, with a base of 2010=100. Purpose: This data can be used to analyze inflation trends, price stability, and the impact on economic policies, such as adjustments to dearness allowance for employees. Practical Use of This Data: Inflation Analysis: By examining the changes in CPI values across different states, analysts can study regional inflation trends and compare them to the national average. Policy Making: Governments and central banks can use this data to design and adjust policies aimed at controlling inflation, targeting specific regions or sectors that are experiencing higher inflation. Wage Indexation: Companies and governments can use CPI data to adjust wages and allowances in line with inflation, ensuring that purchasing power is maintained.

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.

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

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 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.

According to a salary budget planning survey conducted in the Asia-Pacific region, companies in India experienced the highest salary increase, at *** 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 *** percent.

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.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

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.

Minimum Daily Wage Rate: Range: Uttar Pradesh: Minimum data was reported at 272.080 INR in 2021. This records an increase from the previous number of 175.000 INR for 2020. Minimum Daily Wage Rate: Range: Uttar Pradesh: Minimum data is updated yearly, averaging 174.000 INR from Dec 2011 (Median) to 2021, with 11 observations. The data reached an all-time high of 272.080 INR in 2021 and a record low of 100.000 INR in 2011. Minimum Daily Wage Rate: Range: Uttar Pradesh: Minimum 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.

About this dataset

Context

The dataset presents median income data over a decade or more for males and females categorized by Total, Full-Time Year-Round (FT), and Part-Time (PT) employment in Indian Creek. It showcases annual income, providing insights into gender-specific income distributions and the disparities between full-time and part-time work. The dataset can be utilized to gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals.

Key observations: Insights from 2023

Based on our analysis ACS 2019-2023 5-Year Estimates, we present the following observations: - All workers, aged 15 years and older: In Indian Creek, the median income for all workers aged 15 years and older, regardless of work hours, was $57,500 for males and $45,670 for females.

These income figures indicate a substantial gender-based pay disparity, showcasing a gap of approximately 21% between the median incomes of males and females in Indian Creek. With women, regardless of work hours, earning 79 cents to each dollar earned by men, this income disparity reveals a concerning trend toward wage inequality that demands attention in thevillage of Indian Creek.

- Full-time workers, aged 15 years and older: In Indian Creek, among full-time, year-round workers aged 15 years and older, males earned a median income of $134,000, while females earned $50,208, leading to a 63% gender pay gap among full-time workers. This illustrates that women earn 37 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.

Remarkably, across all roles, including non-full-time employment, women displayed a lower gender pay gap percentage. This indicates that Indian Creek offers better opportunities for women in non-full-time positions.

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 2023-inflation-adjusted dollars.

Gender classifications include:

• Male
• Female

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Variables / Data Columns

• Year: This column presents the data year. Expected values are 2010 to 2023
• Male Total Income: Annual median income, for males regardless of work hours
• Male FT Income: Annual median income, for males working full time, year-round
• Male PT Income: Annual median income, for males working part time
• Female Total Income: Annual median income, for females regardless of work hours
• Female FT Income: Annual median income, for females working full time, year-round
• Female PT Income: Annual median income, for females working part time

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 Creek median household income by race. You can refer the same here

India RBI Forecast: Industrial Outlook Survey: Salary or Other Remuneration: Expectation for Next Quarter: Increase data was reported at 34.000 % in Jun 2019. This records an increase from the previous number of 22.800 % for Mar 2019. India RBI Forecast: Industrial Outlook Survey: Salary or Other Remuneration: Expectation for Next Quarter: Increase data is updated quarterly, averaging 26.600 % from Dec 2013 (Median) to Jun 2019, with 23 observations. The data reached an all-time high of 38.800 % in Jun 2017 and a record low of 21.500 % in Mar 2015. India RBI Forecast: Industrial Outlook Survey: Salary or Other Remuneration: Expectation for Next 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.