India's salary growth at 0.2%, GDP gain of 63.8% since 2008

India's salary growth at 0.2%, GDP gain of 63.8% since 2008: According to a new analysis by the Hay Group division of Korn Ferry, India's salary growth+ stood at 0.2 per cent in real terms, with a GDP gain of 63.8 percent over the same period. India has seen a salary growth of just 0.2 percent since the great recession eight years back, while China recorded the largest real salary growth of 10.6 per cent during the period under review, says a report.

During the period under review, China, Indonesia, and Mexico had the largest real salary growth at 10.6 percent, 9.3 percent, and 8.9 percent, respectively.

"Most emerging G20 markets stood at either one end of the scale or the other either amongst the highest for wage growth or amongst the lowest. However, India stood right in the middle, with all the mature markets," the report said. 

Key Notes
  • India has seen a salary growth of just 0.2 per cent since 2008.
  • However, Indian economy grew by 63.8% since 2008.
  • China recorded the largest real salary growth of 10.6% in this period.
  • The US suffered one of the worst salary recoveries among developed nations.
Source:
The Times of India
http://economictimes.indiatimes.com

{Keywords: Salary Growth / India / GDP / China / Indonesia / G20 Countries / USA}

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