 "Entry-level salaries in India among the lowest in the Asia Pacific region")
Graduate Indian employees are among the least paid in Asia Pacific, according to the latest Asia-Pacific Starting Salary study by Towers Watson's Data Services. At an average pay of $400, graduate monthly starting salaries in India are particularly low, ranking 9th out of the top 11 Asia Pacific economies, and being less than one-fifth of equivalent salaries in South Korea and Singapore.
Further up the career ladder, India wages for experienced professionals at middle management level are slightly more competitive. Yet, despite the recent push in the manufacturing sector and popularity of the IT sector, an engineering manager in India earns a salary ($56,530) that is almost half of his China counterpart ($112,070) and one-third of his Singapore counterpart ($151,168).
The reports says the disparity in salaries also illustrates how a large knowledge pool and a significant cost arbitrage makes India a front runner in providing outsourced services. After achieving great success in IT/BPO, India can now become a natural choice for other sectors, like manufacturing.
Further up the career ladder, India wages for experienced professionals at middle management level are slightly more competitive. Yet, despite the recent push in the manufacturing sector and popularity of the IT sector, an engineering manager in India earns a salary ($56,530) that is almost half of his China counterpart ($112,070) and one-third of his Singapore counterpart ($151,168).
The reports says the disparity in salaries also illustrates how a large knowledge pool and a significant cost arbitrage makes India a front runner in providing outsourced services. After achieving great success in IT/BPO, India can now become a natural choice for other sectors, like manufacturing.