India Average Daily Wage Rate - Forecast

Wages in India is expected to be 324.00 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 360.00 INR/Day in 2020, according to our econometric models.


India Average Daily Wage Rate
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India Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.46 4.8 4.8 4.8 4.8 4.6
Employed Persons 29650 29483 29720 29958 30195 32200
Unemployed Persons 44.85 45.01 44.54 44.07 43.59 40.33
Labor Force Participation Rate 52.5 52.29 51.9 51.51 53.54 55.32
Population 1299 1315 1317 1320 1320 1340
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 60 60 60 60 60
Living Wage Family 17400 18500 18500 18500 18500 19800
Living Wage Individual 11000 13100 13100 13100 14000 18000
Wages 272 324 326 328 330 360
Wages High Skilled 44000 45500 65500 65500 65500 46500
Wages In Manufacturing 347 402 404 408 410 440
Wages Low Skilled 10300 16000 16000 16000 16000 18000
Youth Unemployment Rate 12.9 15.5 15.5 15.5 15.2 13.5