India Average Daily Wage Rate  Forecast 2016-2020

Wages in India is expected to be 280.34 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 355.57 INR/Day in 2020, according to our econometric models.

India Average Daily Wage Rate
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Wages 272 280 284 289 292 356 INR/Day
India Average Daily Wage Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of India Average Daily Wage Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - India Average Daily Wage Rate - was last predicted on Tuesday, June 27, 2017.
India Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 4.9 4.8 4.8 4.7 4.8 4.6
Employed Persons 29650 29785 30013 30240 30312 32200
Unemployed Persons 48.26 49.11 49.55 49.99 50.31 54.44
Labor Force Participation Rate 52.5 51.9 51.51 52.45 51.46 55.32
Population 1299 1305 1309 1311 1315 1340
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 60 60 60 60 60
Wages 272 280 284 289 292 356
Wages High Skilled 50300 52500 53100 54500 57000 87500
Wages In Manufacturing 347 378 382 400 402 425
Wages Low Skilled 11900 14000 14600 15000 15400 18000
Youth Unemployment Rate 12.9 15.5 15.5 15.5 15.5 13.5
Living Wage Family 19735 20900 21400 22000 22500 27000
Living Wage Individual 12110 12600 12500 13000 13100 18000