"You're talking about a way to re-skill millions of workers, but it's not clear what jobs they're going to be placed into," Cavender said. With fewer jobs available - and perhaps more robots buzzing on factory floors - experts maintain unemployment will be an ongoing concern, especially as the government works to maneuver the world's second-largest economy away from manufacturing and toward services. China's industrial robotics market became the world's largest in 2013, and is continuing to grow. "The result has been that factory owners have gone on a massive investment spree outside of China."Ĭompanies are also investing in robots in efforts to automate as much as possible to offset labor costs, according to Jefferies analysts Sean Darby and Kenneth Chan. Some firms are now taking their business elsewhere, which also means China could start losing jobs to other developing countries like Sri Lanka, where hourly factory wages are $0.50.Īpparel manufacturing has been hit "extremely hard," said Ben Cavender, a principal at Shanghai-based China Market Research. But the wage increase has translated to higher costs for companies with assembly lines in China. Top ranked universities in India are Indian Institute of Technology Bombay, Indian Institute of Technology Kanpur, Indian Institute of Technology Madras, and University of Delhi.As China's economy expanded at breakneck speed, so has pay for employees.
Browse country salaries, hourly pay, bonuses, and more from data provided by real employees.
India still hasn't any world class universities not in private sector, nor in public sector. Learn how much employees earn based on the country they live in. An academics salary is determined by a combination of seniority (years since the completion of PhD) and job rank. About 8000 students are enrolled annually in IIT. Indian Institutes of Technology (IIT) have been acclaimed globally for engineering under-graduate education. India has around 16000 collages, with 1800 exclusive collages for women.India has some globally reputed institutions. Poor quality public education is the reason that 27 per cent of scholars are privately educated.įor year 2012, in India are 20 central universities, 100 deemed universities, and 215 state universities. 1, 2 Due to various data gaps and methodological issues, compensation costs for China and India are not directly comparable to each other or with the data for other countries found in this release, and therefore are presented separately.3 Data are available for China through 2008 and for India through 2007. About 80 per cent of schools are from government. India has the third largest education system in the world, after China, and United States.
In IT & telecom and financial services are likely to see their salaries rise by an average 10-11% in 2012. The IT & telecom sectors, 16% from the pharma industry and 14% from the consumer segment.Įmployees in the automobile, pharma and consumer products sectors can expect pay hikes of 12% while those
#AVERAGE SALARY IN INDIA AND CHINA SERIES#
The first in a series of quarterly surveys, Mercer covered 93 companies, one-fourth of them from Rapid expansion of Chinese economy over the past decade has driven wages up. The hourly wage difference is nearly Rs 184. In India, the hourly wages are five times less than in China. While the gap is dropped considerably the India still remain According to market research firm Euromonitor, average hourly wages is China were 3.60 last year, 64 per cent more than in 2011. Were significantly declined to year 2012. The average salary in China ranges from 7,410 Yuan per month (USD 1,145) to 1,31,000 Yuan (USD 20,245) per month with 7,410 Yuan being the minimum salary and 1,31,100 Yuan being the maximum salary. Average Salaries in India Are Considerably Increasing Last YearsĪccording to data from Manpower, the average earning differences in India, in comparison with US,
#AVERAGE SALARY IN INDIA AND CHINA SOFTWARE#
Is around 650,000 INR per year and average income for more experienced senior software developer is around 900,000 INR or more. Annual average income for software engineer/developer in India
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