India Average Daily Wage Rate - Forecast

Wages in India is expected to be 362.00 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 400.00 INR/Day in 2020, according to our econometric models.


Forecast Data Chart
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India Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.52 3.5 3.5 3.6 3.6 3.6
Employed Persons 29650 29909 30126 30155 30183 32200
Unemployed Persons 44.85 43.53 43.15 42.95 42.75 44.2
Labor Force Participation Rate 52.5 51.51 53.54 51.46 51.79 55.32
Population 1284 1293 1320 1300 1303 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 19800 17400 19800
Living Wage Individual 11000 13100 14000 10986 10984 18000
Wages 272 362 362 386 386 400
Wages High Skilled 44000 65500 65500 45500 46993 46500
Wages In Manufacturing 347 450 450 470 470 500
Wages Low Skilled 10300 16000 16000 17000 11695 18000
Youth Unemployment Rate 12.9 15.5 15.2 15.5 15.5 13.5