How low is minimum wage in India compared?
How low is minimum wage in india compared? The central government has made a big announcement for workers working in informal sectors like construction, mining and agriculture. Actually, the government has decided to increase the minimum wage of people working in these sectors. This will be implemented from October 1. It is worth noting that there has been an increase of 2.40 points in the Consumer Price Index (CPI) for industrial workers.At the same time, after the amendment, the minimum wage for unskilled workers working in the construction sector has been kept at Rs 783 per day (Rs 20,358 per month). Also, for semi-skilled workers, this salary has been fixed at Rs 868 per day (Rs 22,568 per month). For skilled, clerical and unarmed watchmen, it will be Rs 954 per day (Rs 24,804 per month). In the rising inflation, low wages make it difficult for people to live. In such a situation, let us know how low wages are paid in india compared to other countries.Minimum wages in india compared to other countriesThe minimum wage in india varies according to the states, but on an average it is around Rs 176 per day. This figure is very low compared to many developed countries of the world. For example, the minimum wage in the US is around $7.25 per day, while in the european Union countries it ranges from $10 to $15 per hour. In such a situation, India's wage rate is far behind global standards.What is the minimum wage in other countries of the world?When compared to countries like australia, germany and france, the minimum wage in australia is around $19.84 per hour, which is about 10 times more than the indian wage. At the same time, the minimum wage in germany is around $11.36 per hour. At the same time, the wage rate in france is around $11.16 per hour.It is clear from these figures that compared to other countries, we are far behind in terms of minimum wages. However, Bharatiya Mazdoor Sangh and other organizations had demanded an increase in the minimum wage, after which the Government of India has decided to increase it.Revision is done twice a yearIt is worth noting that the central government revises VDA twice a year. It becomes effective from 1 Apriland1 October. Let us tell you that this revision is based on the 6-month average increase in the Consumer Price Index for industrial workers.