Medas, G., Kostolný, J., Janečková, M., Varkkey, B., & Korde, R. (2019). WageIndex Report India. Central European Labour Studies Institute, Bratislava, Paycheck India, Indian Institute of Management Ahmedabad and WageIndicator Foundation, Amsterdam.
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ABSTRACT
The Central Statistics Organisation and International Monetary Fund has reported India as one of the world’s fastest growing major economy. Analysing its complex set-up and making an assessment of its 8 main sectors excluding agriculture, the WageIndex Report 2018 contributes to better understanding the interactions between the different structural issues and helps to identify strengths and pitfalls of the Indian labour market. Findings can be used to identify and tackle existing problems. Building on the existing research in the field, special attention is also given to issues such as gender, education or tenure groups.
The analysis presented in this report is based on the WageIndicator dataset covering the period of 3 years, from January 2016 to December 2018. This report provides a comparison of wage and working conditions figures for three years, January 2016 to December 2018. The wage analysis is based on data collected from Paycheck.in, the Salary Calculator and Monster Salary Index from the aforementioned period.
The sample used for the analysis consists of more than 20000 respondents across India. For year 2018, there are 8559 respondents, 81.8% of which are men and 18.2% women. Due to the voluntary web survey method of data collection, there is a high share of people who are working in the ICT sector, which makes up about 40% of the sample.
The sample contains only employees and the wages of self-employed people are excluded for this study. Employees from different age groups, industries, and various hierarchical positions in their respective occupations are covered in the sample.
WageIndicator and Paycheck India regularly survey and evaluate the Indian market. Set up as an online volunteer web survey, the data primarily stems from those people with access to the internet and who are interested in completing the questionnaire. Due to this limitation, the data mainly covers India’s formal sector.
The data from the Indian market analysed in this report is classified into eight different sectors: Legal and Market Consultancy, Business Activities; Information and Communication Technology (ICT); Health Care, Caring Services, Social Work; Education and Research; Financial Services, Banking, Insurance; Transport, Logistics, Communication; Construction and Technical Consultancy; Manufacturing.
As the analysed data was gathered online, it has some specific characteristics, such as the sectoral structure of collected observations. The majority of observations come from these three sectors: ICT Services (39%), Manufacturing (22%) and Financial services, banking, insurance (11%). Sectors like Agriculture, forestry, fishing; mining, quarrying and Electricity, gas and water supply are not covered in this report.