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Indians are paid 20 times less than U.S. employees
By
SiliconIndia,Thursday, 20 August 2009, 04:13 Hrs
Bangalore: Indians are paid nearly 20 times less than their counterparts in the U.S. and Switzerland. According to 'Prices and Earnings' study conducted by Swiss banking major UBS, employees in New Delhi and Mumbai earn an average net salary of $1.6 and $1.2 per hour, respectively.
In contrast, Swiss cities Zurich and Geneva, have topped the charts with the highest average net incomes in the world of as much as $22.60 and $20.40 per hour. "Swiss workers earn the most. Zurich and Geneva top the rankings in our international comparison of wages. By contrast, the average employee in Delhi, Manila, Jakarta and Mumbai earns less than one-fifteenth of that amount," the report stated. Workers in the U.S. also earn at the higher end of bracket with people in New York earning an average salary of $19 per hour, while those in Los Angeles get $13.90 per hour. Workers in London receive an average net wage of $13.90 per hour, it added.
In terms of the gross hourly wages, workers in Western Europe and North America have the highest gross hourly wages averaging at $20.2 and $21.0 respectively, the survey said. While, in Asia and Eastern Europe, workers receive an average of $5.5 per hour before taxes and social security contributions are deducted from the salary.
UBS's report 'Prices and Earnings' is a global review of the prices of goods and services, wages, payroll taxes, working hours and purchasing power in 73 cities on every continent. The survey also pointed out that earnings do not just differ from country to country but also vary among employers within a single city. However, the earnings gap between public and private-sector jobs is particularly stark in emerging and developing countries, it added.
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Reader's comments (119)
1: dude, you guys r getting nuts, how come u can
compare earnings between rural and developed
one. Are they qualified on same level.
Posted by: sho - 30 Aug, 2009
2:you dude, what is here to compare with
qualification
sundara bharathi replied to: sho
post - 31 Aug, 2009
post - 31 Aug, 2009
3: "I beleive most of they people you have
commented would have commented while working
in office .....from going through the comment
i could find out how many people are killing
thier time,and commenting one after other
just read the information and go back to
work"
Posted by: Hari - 27 Aug, 2009
4: This is a well known fact for every Indian
and even for every American. That is where
the concept of OUTSOURCING took its birth.
No need in further elaborating this useless issue.
For an Instance, the least difference in prices for basic amenities that I found was atleast 8 times more in US.
Cost of a 1 ltr water bottle in US is 2 dollars ie 96 INR
Cost of a 1 ltr water bottle in India is 12 INR
No need in further elaborating this useless issue.
For an Instance, the least difference in prices for basic amenities that I found was atleast 8 times more in US.
Cost of a 1 ltr water bottle in US is 2 dollars ie 96 INR
Cost of a 1 ltr water bottle in India is 12 INR
Posted by: paku - 27 Aug, 2009
5:yes that's cool reply. what issue over here.
if American are getting 20 times then also
fact is they are paying 10 times for the
goods comparing to Indians.
The reason why the outsourcing introduced. Also the Obama's decision to give benefits to American firms who will not be outsourcing the work is not effective and also not affect Indian market more.
The reason why the outsourcing introduced. Also the Obama's decision to give benefits to American firms who will not be outsourcing the work is not effective and also not affect Indian market more.
vishal Singh sachan replied to: paku
post - 30 Aug, 2009
post - 30 Aug, 2009
6: Hello
I have a QUESTION that I'd really appreciate if someone here could answer without any bias.
Is an Indian working for an Indian company sent offshore to work for an American firm paid the same salary for the same job that an American is performing.
In simple terms are both paid the same salary for performing the same job at the same place.
One is a citizen of American the other is an Indian off-shored for the project.
I have a QUESTION that I'd really appreciate if someone here could answer without any bias.
Is an Indian working for an Indian company sent offshore to work for an American firm paid the same salary for the same job that an American is performing.
In simple terms are both paid the same salary for performing the same job at the same place.
One is a citizen of American the other is an Indian off-shored for the project.
Posted by: Harsha - 26 Aug, 2009
7: you have compared our country with Europeans
& Americans...Think of an rural employee
earning $1 to $2 per day, while the urban
employee earns $1.6 or $1.2 per hour. Why
can't you compare the Indian with Indians?
Posted by: Anand - 23 Aug, 2009
8:very nice anand its good.
brijesh replied to: Anand
post - 28 Aug, 2009
post - 28 Aug, 2009
9:Yes Mr anand i agree with ur thoughts thats
true
vinay.R replied to: Anand
post - 25 Aug, 2009
post - 25 Aug, 2009
10: Yes Mr. Anand you are absolutely correct but
it doesn't mean that we can't compare
ourselve with US because we are as much
capable in delivering services as they are.
So when we expect much pay than what we are
getting then only we can think about our over
all growth.
Singh replied to: vinay.R
post - 25 Aug, 2009
post - 25 Aug, 2009
11: Yes Mr.Singh you are correct. But then if you
want to compare Indians with Europeans and
Americans, then compare the rural Indians
daily earning with the westerners(i.e $1-$1.5
per day with $20-$22 per hour) and then try
to find out the difference and see how much
we are under paid.
Abhishek Satkar replied to: Singh
post - 26 Aug, 2009
post - 26 Aug, 2009
12: With all the world's black money lying in
swiss banks no wonder they get paid filthy
rich! and that money is the "COKE"money .
Posted by: ashwinnallari - 23 Aug, 2009
13: Every one knows that they get paid very less
as compare to us and UK ppl thats why we have
so many jobs .......so no issue .
Posted by: Deepak - 22 Aug, 2009
14: Comparision should be based on 'face value'
of currency, not in absolute Dollar terms.
2ndly, disposable income not net earnings. Even within India, what you save in cities like Bangalore, Delhi or Mumbai is far less than what your friend may be saving in a B city!
In developing countries including India, many of us have 4-6 home/community helpers (1/3 maids, car washer, driver, guard, home delivery boy, etc) to help us thru every imaginable & conceivable house chores despite the so called 'low wages' where as in the developed world even 1 helper is unaffordable. All high fliers are grounded the moment they land in US/Europe & end up doing things they have never even dreamt of!
2ndly, disposable income not net earnings. Even within India, what you save in cities like Bangalore, Delhi or Mumbai is far less than what your friend may be saving in a B city!
In developing countries including India, many of us have 4-6 home/community helpers (1/3 maids, car washer, driver, guard, home delivery boy, etc) to help us thru every imaginable & conceivable house chores despite the so called 'low wages' where as in the developed world even 1 helper is unaffordable. All high fliers are grounded the moment they land in US/Europe & end up doing things they have never even dreamt of!
Posted by: Shreya - 22 Aug, 2009
15:Shreya, I couldn't have said it better! And
all that help is AFFORDABLE in India by the
so called 'low wage' earners!
Asad replied to: Shreya
post - 22 Aug, 2009
post - 22 Aug, 2009
16: yes that is true i totally go with ur word
prashant replied to: Asad
post - 24 Aug, 2009
post - 24 Aug, 2009
17: Does it mean we should have low paid helpers
who can not send their children to a good
school, or live in a decent house or ever
dream of being anything other than a
worker.
We deserve the same things as the western people do we have the same right to material wealth. All the goods are commoditised ie the price of any raw material is the same all around the world but why should we be paid less for the same job.
We deserve the same things as the western people do we have the same right to material wealth. All the goods are commoditised ie the price of any raw material is the same all around the world but why should we be paid less for the same job.
Chandramouli replied to: prashant
post - 26 Aug, 2009
post - 26 Aug, 2009
18: Consultants in india want job seekers to
quote ECTC. If not they are not entertaining
the job applications. Quite recently some MNC
companies have started this trend.
Posted by: selvam - 21 Aug, 2009
19:Its an old trend of confirming the ECTC,
becoz of these facts,there will be a precise
picture on the expectation part. &
Moreover to overcome the scenario of
rejection who are beyond client allocated
budget on that particular position, Nothing
is new, only the focus is much more as on
going the crisis period
Manmohan replied to: selvam
post - 21 Aug, 2009
post - 21 Aug, 2009
20: It is not mentioned if the statistics is for
average salary or for higher end. Recently
one notice by Ranbaxy was circulated to pass
the reslution for clearing their ex CEO's
salary of Rupees more than one crore a month.
On the other hand we have more than 30% of
population surviving at less than 20 rupees
per day.
Posted by: SKB - 21 Aug, 2009
21: I see many comments on cost of living .. and
I would say these are part of the logic
processes that are used to draw wool over
your eyes. After all Cost of living is
associated in the long run with standard of
living .. which in turn is related to the
salaries earned. One just needs to live in a
cosmopolitan city.. outside India.. where all
nationalities merge (in a reasonably large
numbers) and you will still find a notable
difference in salaries for the same job.. in
fact it can be quite stark. Indians, in fact
all Asians should seek to bring parity of
salaries for the same jobs done by any other
person in the developed world, without which
this divide will always remain. There is no
better time for this than as now. After all
we live in times of the ..Global Village.
Posted by: Mohan - 21 Aug, 2009
22: it doesnt make much sense if we compare only
by the earnings as cost of living varies from
country to country. Comparision would be
relevent if we take the net savings rather
tahn income. in that case i feel we can
reduce the gap. But still i feel Indian co
management has less consideration for thier
employees as compared to Europeans.
Posted by: Deepu - 21 Aug, 2009
23: this would be better if added with the cost
of living,etc in other countries.the
statistics of gap among differen employees of
different fields in various countries may be
useful.if our country is developing,this gap
should be examined accordin to my opinion.the
gap is widenin still is a remark to be noted
here i feel! the pace of growing india should
be examined.
Posted by: sundara bharathi - 21 Aug, 2009
24: Hopeless statistics. After reading this
people who are working at an average rate
also starts feeling that he is doing too much
of work & stop working. This is a
financial terrorism. If you infect the minds
of the people automatically you can reduce
the efficiency of the country.
Posted by: gmk - 21 Aug, 2009
25: I have only 2 words for this : "Useless
Statistics"
Posted by: Gabinder Singh - 21 Aug, 2009
26: Meaningless statistic. We pay $0.4 for a tube
of toothpaste in India, and $1.7 in the US.
Currency valuation needs to be part of the
statistic as well.
Posted by: Ram - 21 Aug, 2009
27:Yes, thats right. The data is incomplete.
Dollar Vs Rs also makes it different. Buying
Power for basic commodities & living
etc.
This is doing nothing else but mis-leading and un-necessarily showing our country down.
Had it been this way, our economy would have succumbed to this recession, much before America could recognize theirs'.
I know, we are underpaid, but this is not clear / complete statistics, to judge or get judged. Mainly I think is because of competition, result of population (may be).
And if you compare pvt & Govt sectors in India itself, in that case, an office boy gets much more facilities and currency as an Manager in pvt. sector, and above all, in govt sector, one does not have to do any work. Just attendance, which is most of time a proxy. Our govt. has increased their with arrears, and just think, what about pvt. sector guys.
Well, at the end of day, all it counts is money. All in Jobs, wait for the "Pay Day"
This is doing nothing else but mis-leading and un-necessarily showing our country down.
Had it been this way, our economy would have succumbed to this recession, much before America could recognize theirs'.
I know, we are underpaid, but this is not clear / complete statistics, to judge or get judged. Mainly I think is because of competition, result of population (may be).
And if you compare pvt & Govt sectors in India itself, in that case, an office boy gets much more facilities and currency as an Manager in pvt. sector, and above all, in govt sector, one does not have to do any work. Just attendance, which is most of time a proxy. Our govt. has increased their with arrears, and just think, what about pvt. sector guys.
Well, at the end of day, all it counts is money. All in Jobs, wait for the "Pay Day"
Kapil replied to: Ram
post - 21 Aug, 2009
post - 21 Aug, 2009
28: Agree with Pandyan.The data is not completely
useless. All it should accompain with is the
living cost of these cities.This would
certainly change the calculation.Fact is that
now living cost in india also is no longer
too low. The cost graph is rising abnormally
as compare to the salary increment
rate..Increment is a distant dream yar..a
huge crowd is loosing their job.particularly
in private sector. Govt is showing a negative
inflation rate but are we able to feel it
malvika replied to: Kapil
post - 21 Aug, 2009
post - 21 Aug, 2009
29:Not completely meaningless. While we in
India may pay for some essentials like food
at such low prices, many other things we pay
at dollar prices - one high tech example:
software is priced the same in any part of
the world. Then there are things we pay at
prices higher than the rich - example: petrol
a litre is Rs 50 plus unless you live in
Delhi while in US it is around $ 2 for a
gallon. So... a major comptation process is
required to identify the ratio but it is
still stacked way in favour of the west. Good
situation if you can be paid in western rates
and spend at eastern rates. :-)
Pandyan replied to: Ram
post - 21 Aug, 2009
post - 21 Aug, 2009
30:U r absolutely right
Kandeeban replied to: Ram
post - 21 Aug, 2009
post - 21 Aug, 2009
31: There is a salary apathied even in gulf
countries. A europian or american doctor is
paid 3 times more than an indian doctor, and
same is the case of all professions. It is
our willingness to work for pittance they
exploit.
mohan replied to: Kandeeban
post - 22 Aug, 2009
post - 22 Aug, 2009
32: wen it comes 2 savings, most f us know tat
savings r bettr off wen 1 is abroad...its a
proven fact
Posted by: rahul - 21 Aug, 2009
33:Savings too when you convert it, it becomes a
huge amount.. else savings in the very same
land is always the same.
Jithin replied to: rahul
post - 21 Aug, 2009
post - 21 Aug, 2009
34: n stil the pay in IT is far bettr thn the
govt sector and al othr fields....man...the
plight f pays in our country.
in IT .however,due 2 highr salaries,v r happy n the employers r happy...
in IT .however,due 2 highr salaries,v r happy n the employers r happy...
Posted by: Rahul - 21 Aug, 2009
35:Bt sir facilities in gov sector are very
gud.
One thing also to be noted here is that AS compared to the working hours of gov sector in india and abroad to the working hours of private sector of india,the wages are nodoubt very less.
One thing also to be noted here is that AS compared to the working hours of gov sector in india and abroad to the working hours of private sector of india,the wages are nodoubt very less.
Shagun Chopra replied to: Rahul
post - 21 Aug, 2009
post - 21 Aug, 2009
36: How can one compare US to India if the
population is so
Posted by: Hasibuddin - 21 Aug, 2009
37: Yes, Ofcourse I agree with. But did you think
ever deeply why it is happening? Most of the
Listed Developed Countries are hiring well
Qualified and Quality Labour at their
countries. Unfortunately Most of the Indians
are moving towards the Good Stuff too. Then
where is the chance to our country to get
Skilled and Quality Labour to utilize their
services to our Loved Nation. I know very
well of Americans Strategy of 'USE AND THROW
POLICY'. ALLWAYS I LOVE TO WORK FOR MY
COUNTRY.
Posted by: Kiran - 21 Aug, 2009
38:Both should co-exist. Dont forget that expats
are bringing huge forex, which is very much
needed for strong financials of India.
BSR GUPTA replied to: Kiran
post - 21 Aug, 2009
post - 21 Aug, 2009
39:Dear Kiran ,
I totaly agree with ur point and what u have great love for our country is undoubtedly highly respectable and admirable. salute to u for that,
Digvijay
I totaly agree with ur point and what u have great love for our country is undoubtedly highly respectable and admirable. salute to u for that,
Digvijay
Digvijay Bhavsar replied to: Kiran
post - 21 Aug, 2009
post - 21 Aug, 2009
40:"Most of the Listed Developed Countries are
hiring well Qualified and Quality Labour at
their countries. Unfortunately Most of the
Indians are moving towards the Good Stuff
too. Then where is the chance to our country
to get Skilled and Quality Labour to utilize
their services to our Loved Nation."
Do you feel that those who LOVE TO WORK FOR THEIR COUNTRY are scrap? This is heights of stupidity.
BTW, do you notice that we have bypassed the actual subject?
Do you feel that those who LOVE TO WORK FOR THEIR COUNTRY are scrap? This is heights of stupidity.
BTW, do you notice that we have bypassed the actual subject?
Yagna replied to: Kiran
post - 21 Aug, 2009
post - 21 Aug, 2009
41:Indians who get fed up of bureaucracy, lack
of work @ speed of light, move to another
country.
Alan Friend replied to: Kiran
post - 21 Aug, 2009
post - 21 Aug, 2009
42: Comparison is the most basic application of
chaos theory if i could say so.
I would say all the conflict below can be simplified by
. The Rule of Supply and Demand
There are a lot more people willing to work more for less then what i might possibly be getting for the work that i do here in India.(Agreeing to the skilled labor in India fact)
. The Grass is always greener on the other side
. There is two sides of every story (We are always cognitive in choosing which side we want to follow)
I ask if an American read all the below comments and did agree that life in India would be much more comfortable would he still take the leap to move here, but as an Indian knowing all the facts about America (the good,the bad and the ugly)would jump to take the opportunity (I'm not talking about just you here so don't go on to prove me wrong, I'm referring to a larger populous which you would be a minimal part of)
Greed is Good and Satisfaction is overrated.
Cheers
Harsha
I would say all the conflict below can be simplified by
. The Rule of Supply and Demand
There are a lot more people willing to work more for less then what i might possibly be getting for the work that i do here in India.(Agreeing to the skilled labor in India fact)
. The Grass is always greener on the other side
. There is two sides of every story (We are always cognitive in choosing which side we want to follow)
I ask if an American read all the below comments and did agree that life in India would be much more comfortable would he still take the leap to move here, but as an Indian knowing all the facts about America (the good,the bad and the ugly)would jump to take the opportunity (I'm not talking about just you here so don't go on to prove me wrong, I'm referring to a larger populous which you would be a minimal part of)
Greed is Good and Satisfaction is overrated.
Cheers
Harsha
Posted by: Harsha - 21 Aug, 2009
43:You are right ,
ultimetly our dearest daily food SAMOSA and Jalebi is very costly in USA and even if we thought to call Maalishwala,or Driver everytime at our gate our increased salary in USA will become less then indian salary . If we want to maintain comfort of india in US as per our Indian Habits, still salary in USA is less then Indian Salary.
ultimetly our dearest daily food SAMOSA and Jalebi is very costly in USA and even if we thought to call Maalishwala,or Driver everytime at our gate our increased salary in USA will become less then indian salary . If we want to maintain comfort of india in US as per our Indian Habits, still salary in USA is less then Indian Salary.
Daljeet replied to: Harsha
post - 21 Aug, 2009
post - 21 Aug, 2009
44: Hey Daljeet
Of course a Samosa will be expensive in America, A full on chop suey will be a lot more cheaper and will have more quantity in china.A plate of momos will be cheaper in nepal. A masala dose' will be cheaper in Bangalore then delhi and will taste a lot better too.
The basis of comparison are not the same.
You cant expect every one to treat you like their own.
When in Rome be a roman.
"If we want to maintain comfort of India in US as per our Indian Habits" Two options here
.Make sure you take your mom,ramu kaka, ganesh bahdur and probably the next door neighbors daughter sweety along with you. OR
.Make your own jalebis and samosas.
Hidden option
.Use the line ek hindustaani ek aur hindustaani ki help karna chaahiye , Can i get it at desi rates, bhaiya please
Peace
Harsha
Of course a Samosa will be expensive in America, A full on chop suey will be a lot more cheaper and will have more quantity in china.A plate of momos will be cheaper in nepal. A masala dose' will be cheaper in Bangalore then delhi and will taste a lot better too.
The basis of comparison are not the same.
You cant expect every one to treat you like their own.
When in Rome be a roman.
"If we want to maintain comfort of India in US as per our Indian Habits" Two options here
.Make sure you take your mom,ramu kaka, ganesh bahdur and probably the next door neighbors daughter sweety along with you. OR
.Make your own jalebis and samosas.
Hidden option
.Use the line ek hindustaani ek aur hindustaani ki help karna chaahiye , Can i get it at desi rates, bhaiya please
Peace
Harsha
Harsha replied to: Daljeet
post - 21 Aug, 2009
post - 21 Aug, 2009
45: Arre yaar poore discussion me samosa, jalebi,
Ramu, Sweety sab aa gaye but main subject
kaha gaya
Singh replied to: Harsha
post - 25 Aug, 2009
post - 25 Aug, 2009
46: This is a reply Arre yaar...scroll up for the
subject singh bhai.Selective observation is
not always good
Peace
Peace
Harsha replied to: Singh
post - 26 Aug, 2009
post - 26 Aug, 2009
47: Lolz, rakh ke maar li yaar tune to...
Sunny replied to: Harsha
post - 21 Aug, 2009
post - 21 Aug, 2009
48: There cannot be a comparison between salaries
in USA and Salaries in India. The countries
are poles apart in economy, population,
honesty,political system etc., If mere
buildings and cars are barometers for
prosperous life, living in USA is OK. But
there is something beyond brick and mortar.
East teaches us to look insde while west
teaches to look outside. I was in Denmark,
Italy and other countries. But peace I enjoy
in my motherland, social and family relations
can\'t be found elsewhere. Inspite of the
several drawbacks in our system both
politically and economically, still we have
done exceedingly well in several fields. Left
to myself, I am not crazy working abroad
including USA.I am more than satisfied
serving my motherland. Jai Bharat.
Dr.A.Jagadeesh Nellore(AP)
Dr.A.Jagadeesh Nellore(AP)
Posted by: Dr.A.Jagadeesh - 21 Aug, 2009
49:well all can b said abt the dynamics of
economy in the world.
how ever the the developed countries hve have always exploited the asians. for higher benifit.. hope the goverment is haveing a look at it and doing something abt it ...
how ever the the developed countries hve have always exploited the asians. for higher benifit.. hope the goverment is haveing a look at it and doing something abt it ...
KUmar replied to: Dr.A.Jagadeesh
post - 21 Aug, 2009
post - 21 Aug, 2009
50:I completely agree with you the pride you
have for mother land all of us should be with
same spirit we are nowhere less than our
competitors like US, china and russia.
nagaraj replied to: Dr.A.Jagadeesh
post - 21 Aug, 2009
post - 21 Aug, 2009
51: Hi ok nice article on Indians man power.
Indian people are living with adjustment
that's why US people paying less salary
compare with US people.
Posted by: Kishore - 20 Aug, 2009
52: This is the reason most people opt to work in
other countries. Though India has the world's
best skilled laboour, it is pity we are not
paid as par the US/ UK counter parts. I
strongly believe that all skilled work force
working in other countries would return to
India overnight when the currency rate speaks
to each other in the same manner.
Posted by: kruti - 20 Aug, 2009
53:Skilled Indians in India lack the Quality,
Honesty, Ethics, Diligence. This is one
reason keeping India behind. Other major
reason is corruption.
Art Colewell replied to: kruti
post - 21 Aug, 2009
post - 21 Aug, 2009
54: Mr. Art, Do you want to say that only US/ UK
counter parts have Quality, Honesty, Ethics,
Diligence. Mr not so gentleman, you should
know, who did Enron or Lehmans of the world.
Please keep in mid that the so called US/ UK
counter parts also include 25-40% Indians. So
stop being self demeaning if you are an
Indian and stop being a fool chauvinistic
fool pig, if you are not.
I am very satisfied with the Indian salary which doesn't comes due to the development brought by colonization or selling weapons.
Wake up buddy
I am very satisfied with the Indian salary which doesn't comes due to the development brought by colonization or selling weapons.
Wake up buddy
Proud2b Indian replied to: Art Colewell
post - 25 Aug, 2009
post - 25 Aug, 2009
55:India DOES NOT HAVE the world's best skilled
laboour. India lacks quality man power.
abc replied to: kruti
post - 21 Aug, 2009
post - 21 Aug, 2009
56: This statement itself shows your mentality
and selfishness. It is a riling comment.
India is having world's most skilful labour
and the only reason why some imbecile people
like you don't agree with this is because we
provide the best service in low cost. The day
when we start providing the same service in
the cost similar to US or UK than you people
can automatically change your statement.
Singh replied to: abc
post - 25 Aug, 2009
post - 25 Aug, 2009
57:Yah Kruti but we have to look in other
direction also. Govt in US or UK have adopted
labour laws with highest standards keeping in
view that their manpower is not exploited. We
all know what is happening in BPO/KPO's or in
other MNC's or even in our Local Companies.Is
their any Corporate regulatory Authority? NO.
Mubashir replied to: kruti
post - 20 Aug, 2009
post - 20 Aug, 2009
58:Yaa i agree with u .....India is just back
due to peoples not getting the right wages to
them...if all Indians will be back to india
then i think our strength of Rs will be 1$ =
1Rs.
Amit replied to: kruti
post - 20 Aug, 2009
post - 20 Aug, 2009
59: Thanks for agreeing with my comment. I hope
all like minded people think the same way
Kruthi replied to: Amit
post - 25 Aug, 2009
post - 25 Aug, 2009
60: I also agree with this above comment...
Posted by: arbind - 20 Aug, 2009
61: Dear Saurabh Jain
I agree with u
we have best manpower in the world.
I agree with u
we have best manpower in the world.
Posted by: Nadir Sheikh - 20 Aug, 2009
62: Indians are literally paid less with the cost
of basic amenities being on a higher side. If
I compare the cost of living in terms of
staying in Singapore and Bangalore, the only
difference I find is in the Housing Cost and
that too can be largely debated. In India
Banks give you loan on such a higher rate of
interest that you end up paying more than the
double money. For Example in India If i take
a loan of 45 Lakhs I end up paying a crore in
a time span of 20 years. Therefore an
interest of Rs 55 Lakhs (Calculation is INR
1,000 per Lakh Per Month, so 45 Lakhs x INR
1000 x 12 Months x 20 Years = INR
1,08,00,000) But in Singapore I end up paying
an amount of Rs. 20,00,000.00 on a loan of
Rs. 90,00,000.00. So at the end of day if I
see the cost of living in Singapore is far
less than the cost of living in India.
Then why the Indians are paid less, despite the given fact that they are amongst the best skilled labourers in the world.
We can compare the standard of living with various countries but the fact in majority will remain the same. And remember this is a survey done by UBS whose credentials are well known. And SI reported the same survey, I don't understand why people are making such a fuss about the same in the comments. Its a piece of news and read it like a news. Why people are so over-reacting as if they don't have any other work to do?
Then why the Indians are paid less, despite the given fact that they are amongst the best skilled labourers in the world.
We can compare the standard of living with various countries but the fact in majority will remain the same. And remember this is a survey done by UBS whose credentials are well known. And SI reported the same survey, I don't understand why people are making such a fuss about the same in the comments. Its a piece of news and read it like a news. Why people are so over-reacting as if they don't have any other work to do?
Posted by: Saurabh Jain - 20 Aug, 2009
63:Lesser interest rate shows the more buying
power so they have the more buying power then
us . for analysing interest rate based study
pls point out all facts.
deepaksharma replied to: Saurabh Jain
post - 21 Aug, 2009
post - 21 Aug, 2009
64: I am also agree with u
Amit replied to: deepaksharma
post - 21 Aug, 2009
post - 21 Aug, 2009
65:I totally agree with you, and the situation
here in India has been a result of poor
internal and external policies and a limited
outset of mind. In fact the very concept of
Development is misunderstood widely.
Development is not creating skyscrapers or
having bread instead of Chapati, development
is in having a mindset to create more
opportunities in terms of studies and
employment. Although a lot of people will
disagree with me but an insight would really
make things better. We are vulnerable because
of our poor and out dated mindsets. If we
talk of Reservation, wouldn't it be better if
it is applicable to only Economically
Backward People instead of Cast and Creed. If
we provide equal opportunities for studies
then this would be like setting the best
precedent. I, fail to understand that how can
I entrust my life in hands of such a person
who is a doctor, who got admission because of
quota and despite knowing the fact that the
same person in absence of quota system does
not even qualify to visit a lab. Because of
ulterior interests of some the whole nation
has to pay the price, brain drain is a
phenomenon that came to existence just
because of our own casual and careless
attitude. I am not drifting away from the
main subject, but all such scenarios lead to,
if not taken care at the earliest, total
economic unrest, thereby making the citizens
compromising on what ever and where ever
basis. We have reached such a point where
expecting anything worthwhile from only Govt.
is not going to help, we just need to start
doing our work earnestly and honestly at the
same time making the Govt. accountable. And
it has to be done irrespective of the sector
you are working in i.e: Private sector or
Public sector.
The issue in concern, beyond any doubt, is very important to be tackled at the earliest. But this is just a small part of the real danger that is looming over India, we need to sit for sometime and introspect. Vested interests need to be put on a backstage in expectation of a high yields.. All is that, we really need to DEVELOP.
The issue in concern, beyond any doubt, is very important to be tackled at the earliest. But this is just a small part of the real danger that is looming over India, we need to sit for sometime and introspect. Vested interests need to be put on a backstage in expectation of a high yields.. All is that, we really need to DEVELOP.
Vikram Jethi replied to: Saurabh Jain
post - 20 Aug, 2009
post - 20 Aug, 2009
66: I totally disagree with your arguments
Mr.Vikram.
(I fail to understand that how can I entrust my life in hands of such a person who is a doctor) Are u a doctor by birth? and If we talk of Reservation. We should think about our past. From where we came. What was our past situation? Reservation is the plan to bring up and equalize the people of our nation those who are seprated and abandoned by their cast and job. (You should think about our past India? a Barber can do only Haircuts akin to 70% of our population are living in such situations. Don’t forget that we came up from slavery just 60years before. Now this is the time for us join together to eradicate such kind of bullshit thoughts and it’s our social responsibility to take them along with us as a doctor collector. Engineer...then only our country becomes healthy.
Doesn’t blame our government Schemes it will not think you. It thinking like our mother.
India is like giant elephant feeding them is not easy. But still it’s growing healthy … Now it’s the time to show our ability to the world in cheep cost .wait and see Indians will also get paid 20 times better than any other nation. …Jai Hind...
(I fail to understand that how can I entrust my life in hands of such a person who is a doctor) Are u a doctor by birth? and If we talk of Reservation. We should think about our past. From where we came. What was our past situation? Reservation is the plan to bring up and equalize the people of our nation those who are seprated and abandoned by their cast and job. (You should think about our past India? a Barber can do only Haircuts akin to 70% of our population are living in such situations. Don’t forget that we came up from slavery just 60years before. Now this is the time for us join together to eradicate such kind of bullshit thoughts and it’s our social responsibility to take them along with us as a doctor collector. Engineer...then only our country becomes healthy.
Doesn’t blame our government Schemes it will not think you. It thinking like our mother.
India is like giant elephant feeding them is not easy. But still it’s growing healthy … Now it’s the time to show our ability to the world in cheep cost .wait and see Indians will also get paid 20 times better than any other nation. …Jai Hind...
Venkat kumar replied to: Vikram Jethi
post - 21 Aug, 2009
post - 21 Aug, 2009
67: Agreed, I totally agree with you Vikram.
Indeed in most of the developed nations, it
is the people who made out the difference. It
is we who need to be developed to make the
country developed. There is a very common
saying, " The Educated Illiterate", and most
of us are a perfect example of the same. We
will be going in our swanky cars but will
throw out the garbage in open as if the
environment does not belongs to us. And these
very Indians when go out in US, Europe and
other nations become literate because they
know that they will be penalised for the same
heavily.
And why to go very far away. Lets compare the situation of Traffic in Delhi and Bangalore. In Delhi, people used to drive so rash and bad that I used to say even being a delhite that people don't have any traffic sense. But thanks to the initiative of govt. in penalising heavily to the people driving without belt, talking on mobile while driving, smoking while driving, jumping red lights and many other offences that the traffic sense has improved a lot. With fines starting from a minimum of Rs. 600/- people have themselves started behaving. But in Bangalore, the situation is worse because people know that the maximum fine they have to shell out is Rs. 300/- only even for the major offences. You never know when someone from your left will zoom-pass you.
Do we do our bit to improve the situation further. I guess most of us will answer as a big "NO". We contribute in making the situation more worse which is already bad.
Do we contribute while voting. I guess most of us will again answer as a big "NO". Then how can we make comments about the situations which are an outcome of our own deeds. Its almost like making a mockery of yourself and then laugh like a stupid fellow.
There are many topics which can be discussed. The list is endless but the fact will remain the same that even after reading all this many our fellow readers will read it like as a fairy tale and will forgot for ever that the demon in the above said fairy tale is themselves only. Or the argument will be that the story-teller (fact-teller) is anti-indian.
And why to go very far away. Lets compare the situation of Traffic in Delhi and Bangalore. In Delhi, people used to drive so rash and bad that I used to say even being a delhite that people don't have any traffic sense. But thanks to the initiative of govt. in penalising heavily to the people driving without belt, talking on mobile while driving, smoking while driving, jumping red lights and many other offences that the traffic sense has improved a lot. With fines starting from a minimum of Rs. 600/- people have themselves started behaving. But in Bangalore, the situation is worse because people know that the maximum fine they have to shell out is Rs. 300/- only even for the major offences. You never know when someone from your left will zoom-pass you.
Do we do our bit to improve the situation further. I guess most of us will answer as a big "NO". We contribute in making the situation more worse which is already bad.
Do we contribute while voting. I guess most of us will again answer as a big "NO". Then how can we make comments about the situations which are an outcome of our own deeds. Its almost like making a mockery of yourself and then laugh like a stupid fellow.
There are many topics which can be discussed. The list is endless but the fact will remain the same that even after reading all this many our fellow readers will read it like as a fairy tale and will forgot for ever that the demon in the above said fairy tale is themselves only. Or the argument will be that the story-teller (fact-teller) is anti-indian.
Saurabh Jain replied to: Vikram Jethi
post - 20 Aug, 2009
post - 20 Aug, 2009
68: Saurabh, I am literally in consonance with
your mindset and they way you have perceived
the root cause of the ambiguity of thoughts
with which not only Indians but as a matter
of fact most, belonging to the Human species,
are suffering. I don't claim to be doing
every thing perfectly but at least I try and
do not indulge in fault finding...I live by
the concept that if some one has cheated on
you, it is not the fault of the cheater but
its only your and your fault that you let the
other person cheat, and you stood there just
standing in a bewildered state.....Whose
fault is it? Now coming back to the topic,
most of us make a hue and cry over the things
that are going wrong but may I dare ask that
how many of us has spared even a moment to
think of standing in a queue where the person
at the other hand is known to you. So, its
basically our own ignorance that eventually
and gradually lead us to the situations
beyond our control. First step is always a
prerequisite for reaching the destination,
there is no escape or a shortcut and we are
just adding up in our own miseries. This is
really the apt moment to stop, sit and
introspect that why after so many failed
attempts we are still there. The answer lies
with in us we just need to acknowledge it and
after acknowledging it we need to give a
serious thought to undertake damage control
measures.
Vikram Jethi replied to: Saurabh Jain
post - 20 Aug, 2009
post - 20 Aug, 2009
69: Vikram and Saurabh, great comments and a nice
discussion.
Your points can be endorsed by facts about improved indian economy after mixed-privatisation and globalization. Prior to that, government was a monopoly in the hands of corrupt politicians and ideologies like reservations (and today also there exists).
When globalization was introduced there was a bit of turmoil initially, but gradually many Indian companies have come up strongly to compete with global companies. Examples in automobile industries are Bajaj and Tata Motors.
From this point of view, if you see, only masses and professionals have brought in those feathers in India\'s cap and not the government. Later on, government was forced to improve on infrastruture, but they need to work yet harder, which they aren\'t keen to.
If we analyse the historical trend of events, we might recognise that whatever changes have happened in India is only due to spirit of the Indian private companies. Only exceptions in Indian Govt companies are ISRO and CDAC. But that is only because of nationalism remaining in some of the IITs and IIMs that they joined public/government organizations rather than flying West.
Your points can be endorsed by facts about improved indian economy after mixed-privatisation and globalization. Prior to that, government was a monopoly in the hands of corrupt politicians and ideologies like reservations (and today also there exists).
When globalization was introduced there was a bit of turmoil initially, but gradually many Indian companies have come up strongly to compete with global companies. Examples in automobile industries are Bajaj and Tata Motors.
From this point of view, if you see, only masses and professionals have brought in those feathers in India\'s cap and not the government. Later on, government was forced to improve on infrastruture, but they need to work yet harder, which they aren\'t keen to.
If we analyse the historical trend of events, we might recognise that whatever changes have happened in India is only due to spirit of the Indian private companies. Only exceptions in Indian Govt companies are ISRO and CDAC. But that is only because of nationalism remaining in some of the IITs and IIMs that they joined public/government organizations rather than flying West.
Yogendra Namjoshi replied to: Vikram Jethi
post - 21 Aug, 2009
post - 21 Aug, 2009
70:Atleast glad to see some enlightened Indians
present in this board. I could totally agree
with you that Indians have become morally
corrupt - beyond repair or not I do not know
yet. Tell me how many of Indians would
morally and ethically do not follow or not
willing take up short cuts to possess
something or attain something good and
willing to sacrifice their happiness, wealth
or family or goods for the common good like
Mahatma. Mahatma sacrificed so much - he
could have settled in UK, had better
education - Barrister and he could have
settled in to lavish lifestyle in England as
a top Lawyer if he chooses to do (in that
case even Jinnah). But he did not. He put his
family, wealth, life and everything at risk
for the country benefit. How many of us - new
age Indians - willing to do what Mahatma did
70 or 80 years ago...And not only he had the
will to sacrifice everything he had, but also
followed it up with the discipline and
ability to succeed in his chosen goal,
irrespective of so many challenging people
around who was driven by worldly greed -
Educated and Non-Educated illiterate mass.
Even earlier we could have had all these bad
people around. I am worried about the next
generation and how many parents and society
is teaching the kids to be morally right and
the will to sacrifice. Is there any subject
of Moral Science taught in schools. We can
either envy or laugh at UK or USA people, but
we should admit the seriousness with which
they practice discipline, sense of right or
wrong, and imbibing structural way of living
into their wards. I think we are yet to
figure out the difference between what is
freedom and chaos.
Regarding the topic, 20 times lesser salary for Indians does mean we think complex but lack to figure out the basics and the exploitation capability of fellow indians and even if every Indian returned from UK or USA there will be utter chaos, as no Indian like to be led by another Indian out of mutual respect and they will always grudgingly accept that and will try to shirk away at any opportunity.
Regarding the topic, 20 times lesser salary for Indians does mean we think complex but lack to figure out the basics and the exploitation capability of fellow indians and even if every Indian returned from UK or USA there will be utter chaos, as no Indian like to be led by another Indian out of mutual respect and they will always grudgingly accept that and will try to shirk away at any opportunity.
Arun replied to: Yogendra Namjoshi
post - 21 Aug, 2009
post - 21 Aug, 2009
71:
Wages at a particular place are mostly a function of cost of living in that place. Other factors like demand and supply of a particular skill, talent etc are made to balance out in 3-4 years time, leaving minimal impact on the wages. The rational is very simple. Why will any businessman--be it in India or in US--pay more than what you need to survive and come to office daily, in that particular place?
The striking difference between wages in western countries and those in third world countries is mainly because of currency differences. This survey is conspicuously-ane even deliberately-flawed.
The best way to judge the salary levels among different countries, would be to compare how much money is left after living a comparable life in respective places. For example, say, for a 2MBPS broadband connection whether I pay 700 in India or $100 in US, finally what matters is, how much I am saving at the end of the month, for the quality and speed of the broadband in both places will be same and I cann't live without it in either places.
Wages at a particular place are mostly a function of cost of living in that place. Other factors like demand and supply of a particular skill, talent etc are made to balance out in 3-4 years time, leaving minimal impact on the wages. The rational is very simple. Why will any businessman--be it in India or in US--pay more than what you need to survive and come to office daily, in that particular place?
The striking difference between wages in western countries and those in third world countries is mainly because of currency differences. This survey is conspicuously-ane even deliberately-flawed.
The best way to judge the salary levels among different countries, would be to compare how much money is left after living a comparable life in respective places. For example, say, for a 2MBPS broadband connection whether I pay 700 in India or $100 in US, finally what matters is, how much I am saving at the end of the month, for the quality and speed of the broadband in both places will be same and I cann't live without it in either places.
Posted by: The Truth - 20 Aug, 2009
72:Though my comment is off topic, but I can't
resist....
2 Mbps broadband connection at 700 INR? What a big joke! Man you will no get even 250 Kbps at this cost.
2 Mbps broadband connection at 700 INR? What a big joke! Man you will no get even 250 Kbps at this cost.
Amit replied to: The Truth
post - 21 Aug, 2009
post - 21 Aug, 2009
73: What is so new in this?
Posted by: shailesh - 20 Aug, 2009
74: They pay less b'coz it is profitable to them
and we accept the less pay b'coz it is
profitable to us. If he gets the labour at
the same rate which he pays to us from the
localite, why does he recruits us?
Even in India there's a difference in wage. How many of us have not thinken we are paid less? We always see others who are paid more? We always think and say I am working so much but he does not do anythings he gets more salary? don't we?
It is the way you market your skills. If you go to platforms you will get cheaper items, if you got retail shop the same item will have some value more than palatform and in branded it would be costly. The same is your skills, at what price you market them to the employer?
Even in India there's a difference in wage. How many of us have not thinken we are paid less? We always see others who are paid more? We always think and say I am working so much but he does not do anythings he gets more salary? don't we?
It is the way you market your skills. If you go to platforms you will get cheaper items, if you got retail shop the same item will have some value more than palatform and in branded it would be costly. The same is your skills, at what price you market them to the employer?
Posted by: S. A P Venkatesh - 20 Aug, 2009
75: simple........why go and work in a place
where you are looked down upon......whose
fault is it.......why not put efford into
Mother India and make your Mother greater.
Make your stand in India.....do your best for India......make India Proud of you......you people want it easy......you leave your mother to " serve " another
" ask not what the country can do for you, but what you can do for your country"......President Kennedy
you can also change the word country to mother the effect will be most powerfull
what shall we do with people who leave their country serve another and then talk about their rights in an alien country and still complaint
from
Kuala Lumpur
Malaysia
3 generation born in Malaysia
An Indian
Make your stand in India.....do your best for India......make India Proud of you......you people want it easy......you leave your mother to " serve " another
" ask not what the country can do for you, but what you can do for your country"......President Kennedy
you can also change the word country to mother the effect will be most powerfull
what shall we do with people who leave their country serve another and then talk about their rights in an alien country and still complaint
from
Kuala Lumpur
Malaysia
3 generation born in Malaysia
An Indian
Posted by: Subasupathy.P - 20 Aug, 2009
76:I am sorry but your comment is "very
theoritical, and has no bearing on
reality..."
Serve your country/ motherland is fine , only the well to do can afford that... here we are talking of employees ..
The fact of oppressed labour in india is due to greedy business man , and lack of respect for labour in India , and mainly lack of government/legal protection of employees ....
In india , a person can be sacked at the drop of a hat.. try that in UK and the company and management will be in trouble. Wrongful dismissal is taking seriously by the legal system there.. In india people don't bat an eyelid.. the concept is non-existent...
Serve your country/ motherland is fine , only the well to do can afford that... here we are talking of employees ..
The fact of oppressed labour in india is due to greedy business man , and lack of respect for labour in India , and mainly lack of government/legal protection of employees ....
In india , a person can be sacked at the drop of a hat.. try that in UK and the company and management will be in trouble. Wrongful dismissal is taking seriously by the legal system there.. In india people don't bat an eyelid.. the concept is non-existent...
jayant kaman replied to: Subasupathy.P
post - 20 Aug, 2009
post - 20 Aug, 2009
77:I think the inference drawn by you is
absolutely incorrect at the first place. I
think you got all wrong. First of all the
article doesn't compare the salary of Indians
living in US vs their counterpart in US. The
article compares the salary of Indians living
in India Vs their counterpart living in
US.
We in US earn almost comparable to our counterparts. There is not much distinction in salary figure at all.
Regarding you baseless comments....I don't know if you are familiar or not, there are lot of NRI startup companies in India. The percentage of NRI startup companies are increasing significantly. So, your comment "Make your stand in India.....do your best for India......make India Proud of you......you people want it easy......you leave your mother to " serve " another" is completely ignorant comment.
NRIs throughout the world have a special and emotional attachment towards their motherland and they are doing their best to lead India and make India attain respect in view of developed countries.
Its highly disappointing that despite our best efforts we are called traitor, untrustworthy or Non-Reliable-Indian.
I wish our countrymen realizes this and support us in our common mission to make India a developed country and India be treated with respect at the world front.
Thank you.
We in US earn almost comparable to our counterparts. There is not much distinction in salary figure at all.
Regarding you baseless comments....I don't know if you are familiar or not, there are lot of NRI startup companies in India. The percentage of NRI startup companies are increasing significantly. So, your comment "Make your stand in India.....do your best for India......make India Proud of you......you people want it easy......you leave your mother to " serve " another" is completely ignorant comment.
NRIs throughout the world have a special and emotional attachment towards their motherland and they are doing their best to lead India and make India attain respect in view of developed countries.
Its highly disappointing that despite our best efforts we are called traitor, untrustworthy or Non-Reliable-Indian.
I wish our countrymen realizes this and support us in our common mission to make India a developed country and India be treated with respect at the world front.
Thank you.
Abhishek Shrivastava replied to: Subasupathy.P
post - 20 Aug, 2009
post - 20 Aug, 2009
78: Dear Abhishek,
I agree with you just to the extent of your concluding paragraph, I don't want to offend you but all of us are subconsciously aware of the catalysts that has speed us up towards the scenario that we are debating over here. If you kindly have a deep look at your concluding paragraph, you will find a subtle contradiction in it with respect to rest of your reply. And in fact this contradiction represents your own ability to analyze things and comprehending them efficiently. There are views from other people also that are by and large not in tune with the topic of debate, Everyone has a different outlook and abilities to comprehend. Actually when we debate, we must Agree to Disagree with each other in a humble and logical way so that the most rational and practical conclusion may be drawn and damage control measures may be undertaken.
The debate here is not about the Difference of earnings of Indians compared to their counterparts in U.S, But the real essence of the debate is in learning "WHY". You may disagree with my response and off course you are at a liberty to loath my writing, but this "Why" will always be there. We really need to understand that why is it happening? And the very answer will lead to the very solution, which most of us are aware of and to represent my opinion I have replied to Saurabh Jain's comment.
I agree with you just to the extent of your concluding paragraph, I don't want to offend you but all of us are subconsciously aware of the catalysts that has speed us up towards the scenario that we are debating over here. If you kindly have a deep look at your concluding paragraph, you will find a subtle contradiction in it with respect to rest of your reply. And in fact this contradiction represents your own ability to analyze things and comprehending them efficiently. There are views from other people also that are by and large not in tune with the topic of debate, Everyone has a different outlook and abilities to comprehend. Actually when we debate, we must Agree to Disagree with each other in a humble and logical way so that the most rational and practical conclusion may be drawn and damage control measures may be undertaken.
The debate here is not about the Difference of earnings of Indians compared to their counterparts in U.S, But the real essence of the debate is in learning "WHY". You may disagree with my response and off course you are at a liberty to loath my writing, but this "Why" will always be there. We really need to understand that why is it happening? And the very answer will lead to the very solution, which most of us are aware of and to represent my opinion I have replied to Saurabh Jain's comment.
Vikram Jethi replied to: Abhishek Shrivastava
post - 20 Aug, 2009
post - 20 Aug, 2009
79: Dear Abishek
How many NRI's do really start up businesses in India? The blue collar workers in Middle East at least send a large part of their earnings to their families in India but how many NRIs in USA or Canada or UK do so?
How many NRI's do really start up businesses in India? The blue collar workers in Middle East at least send a large part of their earnings to their families in India but how many NRIs in USA or Canada or UK do so?
Vijay replied to: Abhishek Shrivastava
post - 20 Aug, 2009
post - 20 Aug, 2009
80: It is grossly inaccurate to compare earnings
of a person in India with the U.S.and to use
this as a quasi benchmark for fair wage
dealing. For example a smart one Bedroom
Apartment can cost less than 20KUSD in
India's downtown commercial capital. A
Bollywood Movie Star Luxury Home facing the
ocean is a fraction of the cost of a
Hollywood home at just 210KUSD. A US resident
cannot live in India and an Indian worker
does not live in the U.S. These are two
separate and distinct economies. If I work in
Singapore taxation for workers is almost zero
- but so are unemployment benefits.
So who is better off?
It's important to publish the complete picture - after all $20 per hour in the U.S is nothing to write home about for many - But $2USD p/h worker in India may be doing quite well. However if I am an Indian working in the U.S or other Western country and send money home - that cash in turn can eventually have me retiring or buying a business far earlier in Mumbai - and only then is of far greater value.
So who is better off?
It's important to publish the complete picture - after all $20 per hour in the U.S is nothing to write home about for many - But $2USD p/h worker in India may be doing quite well. However if I am an Indian working in the U.S or other Western country and send money home - that cash in turn can eventually have me retiring or buying a business far earlier in Mumbai - and only then is of far greater value.
Posted by: s5jbh6 - 20 Aug, 2009
81:Dear Sir,
I do accept your point. But ultimately, you are accepting that the average is USD 2 per hour. Please remember that the survey was not about savings rate.
In my comment, I have debated the statistics stating USD 2 (see comment below)!
Regards,
Nikhil
I do accept your point. But ultimately, you are accepting that the average is USD 2 per hour. Please remember that the survey was not about savings rate.
In my comment, I have debated the statistics stating USD 2 (see comment below)!
Regards,
Nikhil
Nikhil Gurjar replied to: s5jbh6
post - 20 Aug, 2009
post - 20 Aug, 2009
82: I enjoyed reading the comments. I think the
trick is that the Indian Society is
dichotomous in nature. We have two societies
in one. There is something called the grass
root level and there is something called the
middle class level.
It is the grass root level that actually distorts the figures considerably.
I have lived in Europe, US and India as well. Today, if I were to own a Toyota Camry in India, like I currently own in the US, I would spend more than twice the amount. In other words, if you take the base cost of living, it is going to be fairly comparable in all the countries. Housing needs to be treated separately.
Under these circumstances, yes, Indians are definitely paid lower. A normal individual in India cannot afford many of the luxuries, as I am planning to relocate, I know this from my own plans. But, all said, as far as the better half of the society is concerned, it may not be 20 times less. One doesnot get a MBA from a premier B School in India for INR 2.5 lakhs p.a.
Hence, I would say the report is only partially complete. But the MNCs and foreign media are as they are... They love to highlight the poverty... You can see it in the popularity of the Slumdog Millionaire...
It is the grass root level that actually distorts the figures considerably.
I have lived in Europe, US and India as well. Today, if I were to own a Toyota Camry in India, like I currently own in the US, I would spend more than twice the amount. In other words, if you take the base cost of living, it is going to be fairly comparable in all the countries. Housing needs to be treated separately.
Under these circumstances, yes, Indians are definitely paid lower. A normal individual in India cannot afford many of the luxuries, as I am planning to relocate, I know this from my own plans. But, all said, as far as the better half of the society is concerned, it may not be 20 times less. One doesnot get a MBA from a premier B School in India for INR 2.5 lakhs p.a.
Hence, I would say the report is only partially complete. But the MNCs and foreign media are as they are... They love to highlight the poverty... You can see it in the popularity of the Slumdog Millionaire...
Posted by: Nikhil Gurjar - 20 Aug, 2009
83: My oh my..I thought someone is cribbing about
Indians being paid 20 times less salary when
they are in US.
This survey looks useless except that it shows that even after so many issues outsourcing to India is still beneficial.
This survey looks useless except that it shows that even after so many issues outsourcing to India is still beneficial.
Posted by: Ashish Malik - 20 Aug, 2009
84:Complete agree with statement, As I am do a
freelancer business for IT / ITES services
and i did not get as much money as we deserve
for...
but we still need to improve our-self to meet with their confidence. so they can complete relay on us.... :)
but we still need to improve our-self to meet with their confidence. so they can complete relay on us.... :)
Yogesh replied to: Ashish Malik
post - 20 Aug, 2009
post - 20 Aug, 2009
85: Do you think the price war is driving that
down? Yogesh, the average Indian is a debate
in itself. Does it include the 20 pc tenant
farmers?
If your price war is driving prices to such an abysmal level, you might need to restrategize your proposition. After looking at the US market, I dont find them real 'value for money' folks!
If your price war is driving prices to such an abysmal level, you might need to restrategize your proposition. After looking at the US market, I dont find them real 'value for money' folks!
Nikhil Gurjar replied to: Yogesh
post - 20 Aug, 2009
post - 20 Aug, 2009
86: Comparisons like this are useless. There is
no way one can compare labor markets in 2
different countries. There are so many
factors that influence the cost of labor. The
first is basic costs in that country. In US
you can live a decent life in $80K / year and
in India, you will only need $30K. This does
not imply anything to the skills of the
labor. The factor influencing this is demand
and supply.
I have lived in India, US and now in Europe. There are some give and takes everywhere. The problem starts when you start comparing. Benchmark yourself with the economy / market you are operating in not with another one.
I think of such reports as the corporate equivalent of "Karina-Kissed-Himesh or whoever" publicity news of bollywood.
Read...Enjoy but do not take it too seriously. Salary in another country is not a measure of what you are worth.
I have lived in India, US and now in Europe. There are some give and takes everywhere. The problem starts when you start comparing. Benchmark yourself with the economy / market you are operating in not with another one.
I think of such reports as the corporate equivalent of "Karina-Kissed-Himesh or whoever" publicity news of bollywood.
Read...Enjoy but do not take it too seriously. Salary in another country is not a measure of what you are worth.
Posted by: Ravi - 20 Aug, 2009
87:Well said Ravi
Vijay replied to: Ravi
post - 20 Aug, 2009
post - 20 Aug, 2009
88:LOL thats a fact - a burger in US is worth 5
dollars where as a decent lunch meal at a
decent place in india is less than 50 rupees
($1) - what are they comparing? getting INR
10 lakhs/year in india is similar to getting
$120K/year in US.
USD is not standard for using for comparison as this - you should see the standard of living of a person getting INR 10 lakhs/year (20 thousand dollars) - you can afford a decent house vehicle and such... same $20K/year in US will get u only enough to survive hand to mouth.
Are these people serious trying to compare pay rates in such ways? and i really dont believe news papers still print such things where other factors are involved.
USD is not standard for using for comparison as this - you should see the standard of living of a person getting INR 10 lakhs/year (20 thousand dollars) - you can afford a decent house vehicle and such... same $20K/year in US will get u only enough to survive hand to mouth.
Are these people serious trying to compare pay rates in such ways? and i really dont believe news papers still print such things where other factors are involved.
Amit Kumar replied to: Ravi
post - 20 Aug, 2009
post - 20 Aug, 2009
89: You are right Ravi. Half of salary is applied
towards rent of house but nobody knows about
it. Using mobile phone is too costly there
while making international calls to India.
Ashok replied to: Amit Kumar
post - 20 Aug, 2009
post - 20 Aug, 2009
90: Before you get lured and jump for that high
salary abroad, think a hundred and one times.
Simply in terms of happiness, I was way, way,
way happier in India and the job was
absolutely secure in a public undertaking.
Wonder what bug bit me to take the jump..I
have worked for IBM, Deloitte and for
SAP..still the Indian life pales out others
in comparison in terms of intrinsic value and
happiness.
Posted by: Mohandas - 20 Aug, 2009
91:100% agree. I worked in Australia(Melbourne)
what a menial job it was. No charm or
excitement. Though i get paid less than that
I earned down under, the satisfaction is far
from description(forget about pollution/bad
roads/sanitary conditions for a while for
which no one to blame except ourselves)
Ragothaman replied to: Mohandas
post - 20 Aug, 2009
post - 20 Aug, 2009
92:Bravo my friend nothing like your own mother
.....right
i posted a point ....please give your feedback
thank you
from
Kuala Lumpur
Malaysia
3 generation born in Malaysia
An Indian
Posted by: Subasupathy.P - 08:24 PM Aug 20, ' 09
i posted a point ....please give your feedback
thank you
from
Kuala Lumpur
Malaysia
3 generation born in Malaysia
An Indian
Posted by: Subasupathy.P - 08:24 PM Aug 20, ' 09
Suba.P replied to: Mohandas
post - 20 Aug, 2009
post - 20 Aug, 2009
93: Ya that's true. Living cost is very high in
these cities. Expenses are also 20 times more
then delhi and mumabi in these cities.
This is currency value difference.if you convert 1.6 $ in to inr then it is around 76 Rupee and it is not bad.
Good thing is that,India getting more business , more work and more employment just because of this currency value difference.
American companies are taking advantage of this difference, and they are outsourcing work to India.
so this is good for India/Indians and good for American companies but on other side this is bad for americans .Because they losing jobs just because of this difference.
This is currency value difference.if you convert 1.6 $ in to inr then it is around 76 Rupee and it is not bad.
Good thing is that,India getting more business , more work and more employment just because of this currency value difference.
American companies are taking advantage of this difference, and they are outsourcing work to India.
so this is good for India/Indians and good for American companies but on other side this is bad for americans .Because they losing jobs just because of this difference.
Posted by: Sumeet - 20 Aug, 2009
94: Presenting this type data is telling half
truth which is as dangerous as lying. One
cannot compare just the salary per hour and
make it sensational news. Comparing this
across cities within India will show lot of
difference. One must compare the saving
potential that is what a person can save
after spending from the earnings. Also
discounting the earnings for things which are
not prevalent in India (but are normal things
in US or Switzerland) is comparison of apple
with watermelon. I do not think it give the
right picture to anyone except creating
dissatisfaction among hard working people in
India. This also pushes professional for
moving to USA or other countries, which is
not in the best interest of India. This
business of presenting statistics without
understanding of the complete facts which
include understanding the definition of the
same terms (it is childish to assume or
believe that terms eg CPI, inflation, wages,
cost of living etc are calculated in
identical manner globally) in different
countries is very dangerous.
Posted by: Amulya Gurtu - 20 Aug, 2009
95: After living in India and the US for more
than ten yeaars each, a salary of Rs.2.00
lacs in Bhilai in 1999 is roughly equivalent
to $80,000 in Texas, US in terms of life
styles. The Swiss guys may be paying an
Indian's monthly salary (according to the
report) for a plate of poached eggs in Berne,
so do not be fooled. Expect UBS to come up
with better quality reports which are more
enlightening and eye-openers at least for the
sake of their market reputation.
Posted by: Mohandas - 20 Aug, 2009
96: Comparison of wages alone without taking into
account the cost of living in different
cities of the world, IMHO, is not correct.
UBS report mentioned also gives a price
comparison for a basket of 100 commodities.
Here, adjusted for purchase power parity
(PPP), things in Mumbai/Delhi costs about a
third of what it costs in Zurich or Geneva.
Without PPP factor, a coffee or soft-drink
costs 20 times more in Swiss as compared to
India.
UBS report can be downloaded free from the link given in the webpage:
http://www.ubs.com/1/e/wealthmanagement/wealt h_management_research.html
UBS report can be downloaded free from the link given in the webpage:
http://www.ubs.com/1/e/wealthmanagement/wealt h_management_research.html
Posted by: Kalyan - 20 Aug, 2009
97: This is true that Zurich has highest salary
in the world. Have been working in
Switzerland for past 6 years and I can tell
you, this country is not cheap. Every thing
too expensive here. I don't agree with this
kind statistics, comparing different
countries is just stupidity. I USD cant be
equivalent to 1INR.Forget it. Today here in
the news paper a big headlines Zurich pays
the highest salary in the world, but they
didn't mention about the cost of living here,
3 room apartment cost minimum 2000chf
(90,000INR). This is just one example
..common people you cant do the survey like
this.
Regards
Ratnesh
Regards
Ratnesh
Posted by: Ratnesh - 20 Aug, 2009
98:I totally agree with Ratnesh. While taking
into account on should also take into
consideration the cost of living,
socio-economic life, inflation and tax
structure. Though we are paid comparatively
less in India but the amount is good enough
to meet our expenses. If that wasn't the case
do you think Indian's would have more savings
than US citizen.
Mayank Sahay replied to: Ratnesh
post - 20 Aug, 2009
post - 20 Aug, 2009
99: thats wy they have open there centre here man
we are not executive we are real labour in terms of
swiss or us
we are not executive we are real labour in terms of
swiss or us
Posted by: ashish - 20 Aug, 2009
100: If I gave up my 2 cars and took the bus to
work and bike to the grocery store, gave up
my 2500 sq ft house for 800 sq ft condo, had
air-conditioning for living and bed room
instead of all my bathrooms, did not waste
food and went to relatives and friends house
instead of cineplex and be more careful and
had less insurance, I can chop my salary in
Chicago by 40% while maintaining a
comfortable lifestyle.
Posted by: Ganesh Iyer - 20 Aug, 2009
101::) that's one happy guy....
w@r10ck replied to: Ganesh Iyer
post - 20 Aug, 2009
post - 20 Aug, 2009
102:Looks like, you're extremely happy with your
lifestyle :) The indian staff enjoy life much
more than what you do in Chicago. Poor you.
What's your most enjoyment ? cineplex /
weekend visit to friends, DVD rentals and 1
bottle of Wine ? Wake up, Mr. Iyer. Though,
US worker (Indian origin) gets more, he ends
up in living a miserable and confused life.
Before commenting on Cheap labor, look into
your self. I've been living in NY for last 12
years and working as a Tech Lead / Architect
in a fortune 500 company. I've decided to
return back to my own country - India which
offers a high quality of life, though less
earning. I bet, an average Indian IT
professional has far better lifestyle than
any of us, living in US. Good bye to all my
poor US fellows.
Shalini replied to: Ganesh Iyer
post - 20 Aug, 2009
post - 20 Aug, 2009
103: Kudos to you Shalini. I fully agree with you.
I have been working abroad for 9 years,
worked in all inhabited continents. But, now
I feel coming back to India.
Nish replied to: Shalini
post - 21 Aug, 2009
post - 21 Aug, 2009
104: Hello Shalini, enjoyment is a personal thing.
what are you trying to say that every Indian
that works in USA has no enjoyment. Come out
of NY and see how people are enjoing their
lives. why did you leave your country in the
first place.
SUBRA KONDAVEETI replied to: Shalini
post - 20 Aug, 2009
post - 20 Aug, 2009
105: It depends upon what life means to you and
how you are as a person. Its just that every
place is not meant for everyone. So its not a
big deal if you did not like it in NY. The
place and its meaning keeps on changing. But
I agree to the fact that the survey results
should not be published without shedding some
light on the cost of living.
Saswat Patnaik replied to: Shalini
post - 20 Aug, 2009
post - 20 Aug, 2009
106: Hi, Thoough i have been working in India I
travel quite freqently to Western Countries
...My observation in life there is trade off
and i need to decide which are high priority
and most important what is your job profile
in US.
You can lead a great life in US/Europe buts depend upon the kind of jobs you are having
you can have maid in UK or Europe or US but dont expect to have an IC Role and leaving office by 5 PM and working from home on friday or monday...can affort to have it.
Hope it summmerize it
You can lead a great life in US/Europe buts depend upon the kind of jobs you are having
you can have maid in UK or Europe or US but dont expect to have an IC Role and leaving office by 5 PM and working from home on friday or monday...can affort to have it.
Hope it summmerize it
BigB replied to: Saswat Patnaik
post - 20 Aug, 2009
post - 20 Aug, 2009
107:Whats Whats your point? If you shoot it
straight youcould chop 40% of the words and
still say it comfortably.
ramna replied to: Ganesh Iyer
post - 20 Aug, 2009
post - 20 Aug, 2009
108: The survey compares the salary of countries,
but how are those salaries arrived at? The
local market rate(salary) is some function of
the cost of living of those places. Now add
the supply demand of talent as another factor
to the above function and you have a salary
number. I think the fact that Indian wages
are lower/lowest imply that cost of living is
cheap in India (I hate to agree but true) and
we have lot of talent in India so supply
higher than demand. Take out the immigration
boundries and make a free labour inflow
outflow and you will see salaries converge to
stable demnd and supply.
Point is the survey was probably well though out but the way it is presented as "Indians Cheap" is misleading.
What probably survey should conclude is Indians are ample and talented.
Point is the survey was probably well though out but the way it is presented as "Indians Cheap" is misleading.
What probably survey should conclude is Indians are ample and talented.
nandu sabka bandhu replied to: ramna
post - 20 Aug, 2009
post - 20 Aug, 2009
109: Cheap labours - as always. what else to
say..!!
Posted by: Muthukumar Gopalakrishnan - 20 Aug, 2009
110:I agree with Muthu. Indians were slaves to
English b4 1947 and now they are to the U.S.
Any case Indians remain slaves to "Goras"
C'mon Ppl. focus on some production. Lets
learn from Chinese, Japanese and other
neighbours
Trooth Sayer replied to: Muthukumar Gopalakrishnan
post - 21 Aug, 2009
post - 21 Aug, 2009
111:it's not that......truth is lying the living
cost control by their govt......like food
cost come 50-250 dollars just for meal and
accommodation ...his salary will be just 2500
dollar per week.
ajp replied to: Muthukumar Gopalakrishnan
post - 20 Aug, 2009
post - 20 Aug, 2009
112: very true
Rakesh replied to: ajp
post - 20 Aug, 2009
post - 20 Aug, 2009
113: Living cost is very expensive in such country
who pay higher. which i more than 20 times of
india.. or may be more depend on life style
Govind Songara replied to: ajp
post - 20 Aug, 2009
post - 20 Aug, 2009
114: Living Cost as Comapared to US is low in
india but now a days living standards of
people is also beacame levish. i think that
this differance should not be 20 times it
should be 10 times if more and more young
people start Enterprenership.
Dhiraj replied to: Govind Songara
post - 20 Aug, 2009
post - 20 Aug, 2009
115: Personally I dont admit with the article.
There is not much difference I could find. I
work as a freelancer for US clients. And they
pay me around $10-$15 per hour. This article
describes the case of employees who work in
US based companies in India or some MNCs I
think.
Studies say that in 2020 one in 20 persons will be an employer. Just try to be an employer rather than living as an employee.
I was working with an MNC before starting my career as a freelancer. I know the fact that more than 70-80% of the money that a client pays goes to the company (The intermediate).
Studies say that in 2020 one in 20 persons will be an employer. Just try to be an employer rather than living as an employee.
I was working with an MNC before starting my career as a freelancer. I know the fact that more than 70-80% of the money that a client pays goes to the company (The intermediate).
Dixon replied to: Dhiraj
post - 20 Aug, 2009
post - 20 Aug, 2009
116:i dont know much about this topic , but i
would like to say that there is no limit of
greed. happiness is everything and if you get
true happiness then its worth a lot. If you
feel smile in your heart just by taking a tea
at roadside at simple "daba" then it worth
more than same in 5 star hotel. be natural ,
live natural.... dont make life
complicate....... limit greed.....live
easy...and dont sell your real happiness for
few papers...
vinay replied to: Dixon
post - 21 Aug, 2009
post - 21 Aug, 2009
117: HELLO guys
I'm proved to be in my country and work for its benefits
one point
how many of the indians live with their families in india for example I live in chennai and my family lives down south so there is no point in me working here or abroad
most of the times i speak to my family over the phone
I'm proved to be in my country and work for its benefits
one point
how many of the indians live with their families in india for example I live in chennai and my family lives down south so there is no point in me working here or abroad
most of the times i speak to my family over the phone
chang replied to: vinay
post - 21 Aug, 2009
post - 21 Aug, 2009
118: Only emplyees are not getting any benifit
otherwise companies are charging almost
$20-22 per hour to the client.
sam replied to: chang
post - 25 Aug, 2009
post - 25 Aug, 2009
119:
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