Wages In Manufacturing in India increased to 347.30 INR/Day in 2014 from 322.07 INR/Day in 2013.

Wages In Manufacturing in India averaged 183.78 INR/Day from 1965 until 2014, reaching an all time high of 347.30 INR/Day in 2014 and a record low of 4.86 INR/Day in 1965. This page provides the latest reported value for - India Average Daily Real Wage Rate in Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Average Daily Wage Rate in Manufacturing - values, historical data and charts - was last updated on August of 2020. source: Labour Bureau, Government of India

Wages In Manufacturing in India is expected to reach 454.61 INR/Day by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Average Daily Wage Rate in Manufacturing is projected to trend around 475.07 INR/Day in 2021 and 495.00 INR/Day in 2022, according to our econometric models.

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India Average Daily Wage Rate in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
347.30 322.07 347.30 4.86 1965 - 2014 INR/Day Yearly

India Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.00 23.50 23.50 6.70 percent [+]
Labor Force Participation Rate 49.80 50.40 63.70 49.80 percent [+]
Population 1312.24 1298.04 1312.24 359.00 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Youth Unemployment Rate 23.70 23.10 23.70 22.90 percent [+]
Minimum Wages 178.00 178.00 178.00 35.00 INR/Day [+]
Employment Rate 46.80 47.80 50.80 46.80 percent [+]


India Average Daily Wage Rate in Manufacturing
In India, the Average Daily Wage Rate refers to the overall average wage that a worker gets per day, in the manufacturing sector. Initially, Wage Rate Index Numbers were compiled for twelve selected manufacturing industries. However, during 1976, nine more industries were added to the list of industries for the compilation of index numbers.