Low pay and wage inequality persist in India despite 7% annual average gross domestic product (GDP) growth over the past two decades, according to a new report by the International Labour Organization, a United Nations agency.
While real wages almost doubled over 18 years between 1993-94 and 2011-12 and GDP grew four-fold, “the Indian labour market remains characterized by high levels of segmentation and informality”, inhibiting India’s path to achieving decent working conditions and inclusive growth, said the India Wage Report, which used government wage and employment