The average salary of a newly hired Indian worker in India is around $15,000 a year, according to data compiled by the Economist Intelligence Unit (EIU).
That’s lower than the $20,000-per-year salary of many foreign workers, according to a new report by The Economist Intelligence Union (EU), which commented that India is one of the least-skilled nations in the world.
The EIU also found that only 2% of Indians who are employed have a college degree, the lowest rate in the developed world.
The Economist also noted that India’s overall labor force participation rate is at an all-time low at 61%, a number that was down from 71% in 2015.
The median annual income for Indian workers is $4,000, compared with $16,000 in the United States, $28,000 for the UK, and $54,000 from China, according the report.
“India’s labor market is particularly weak.
Its low birthrate has made it a country that cannot afford a high proportion of its young population to stay in the labor force.
Moreover, India’s high education system and skills gap make it a very challenging place for young Indians to land a job,” the EIU report stated.
India’s economic growth over the past few years has slowed significantly from an annualized rate of nearly 9% in the late 1990s to an annual rate of just 1.4% in 2017, according The Economist.
This is in spite of the fact that India has one of the highest per capita income growth rates in the region.
According to The Economist, the average salary in India today is around $16,200 a year compared to $14,400 in the UK and $17,000 to $20-21 from China.
And even if you do get a job, your pay won’t be quite as good as the average Indian worker, the report said.
In fact, the average Indian salary is only $11,800 a year in the country compared to $20,600 in the US, $30,100 in the EU, and $40,000 internationally.
There are a lot of reasons why India’s labor force is so low, including the fact that its economy is heavily dependent on manufacturing, which has been largely decimated since the global financial crisis.
Indian factories are also highly concentrated, with many workers in manufacturing and the service sector.
Some Indian factories employ fewer than 100 people, according ToTheFuture, a global labor and development advocacy group, which means they are not able to attract talent from abroad, according TOA’s report.
In fact the lack of qualified workers in India’s manufacturing sector has created a lot more unemployment among Indian workers, leading to a rise in inequality.
That was the case in India when the Indian rupee fell to near-zero and inflation hit an all time high in the mid-2000s, according EIU.
Over the past two decades, India has become a very poor country.
As a result, many Indians are being forced to accept low-wage jobs in order to support their families, according The Economist.
The report also noted India’s economy is still a growth engine for the country, which generates around a third of India’s gross domestic product, according Forbes.
The country’s GDP grew 6.7% in 2016, according data from the National Statistical Commission.
While the government is trying to reduce unemployment in the manufacturing sector, the lack of workers in the sector has caused the economy to take a sharp hit, as India has seen a sharp slowdown in growth over recent years.
Economists predict that the Indian economy will contract by 7% in 2019, according a Reuters report.
India’s economic output has contracted for five consecutive quarters, and the country is expected to contract by 8% in 2021.