India Average Daily Wage Rate  Forecast


India Average Daily Wage Rate
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Wages in India is expected to be 322.00 INR/Day by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Average Daily Wage Rate is projected to trend around 370.00 INR/Day in 2020, according to our econometric models.


India Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.46 4.7 4.8 4.8 4.8 4.6
Employed Persons 29650 30240 30312 30385 30457 32200
Unemployed Persons 44.85 43.59 43.33 43.08 42.82 40.97
Labor Force Participation Rate 52.5 52.45 51.46 51.79 52.13 55.32
Population 1299 1311 1315 1317 1348 1340
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 60 60 60 60 60
Living Wage Family 17400 22000 22500 22500 22500 27000
Living Wage Individual 11000 13000 13100 13100 13100 18000
Wages 272 322 324 326 328 370
Wages High Skilled 44000 54500 57000 60000 48467 87500
Wages In Manufacturing 347 400 402 404 408 450
Wages Low Skilled 10300 15000 15400 15700 12541 18000
Youth Unemployment Rate 12.9 15.5 15.5 15.5 15.5 13.5