India, recognized for its numerous and unexpectedly evolving economy, boasts a huge variety of industries that contribute notably to its overall income. Understanding the dynamics of average salary in India is essential for HR specialists, business proprietors, and managers. Â
According to Glassdoor data, the average salary in India in 2024 is 7,35000 INRÂ which is equal to 8680.66Â USD. Â
This guide shows an analytical view of the average salaries across various industries in India, factors affecting & salary comparisons, highest paying jobs, and top outsourced companies to India.Â
What is the Average Salary?Â
The average salary, in simple terms, is the sum of all the money earned by people in a particular group or location, divided by the number of people in that group. It gives you a general idea of how much money people typically earn in that specific group or place.Â
For better understanding, let us consider an example of a group of five people in an organization for calculating the average salary.Â
Person 1: ₹30,000Â
Person 2: ₹40,000Â
Person 3: ₹25,000Â
Person 4: ₹35,000Â
Person 5: ₹28,000Â
To calculate the average salary, you would add up all these salaries and then divide by the number of people. So, in this example, the average salary of this group of five people is ₹31,600.Â
Average Salary in India Â
The average annual salary in India is 7,35000 INR which is equivalent to 8680.66 USD in 2024. The average salary typically indicates the Standard of living. The total estimated annual pay in India in 2024 is 8,50,000 INR which is approximately 10030.15 USD according to Glassdoor. Â
According to Salary Explorer, the average monthly salary in India in 2024 is 32,000 INR which is approximately 377.93 USD. Â
Salary Ranges in IndiaÂ
Salary ranges in India vary across industries, job roles, experience levels, and locations. The IT, engineering, and finance sectors typically offer competitive compensation, with salaries increasing as professionals advance in their careers. Specialized roles, especially in technology and finance, can command higher pay, while marketing, healthcare, and education sectors offer varying pay scales depending on the expertise and experience required.Â
Salaries in India range from 8,080 INR as an entry-level salary to 143,000 INR as the maximum average salary, although the actual maximum salary can be higher. This is not the minimum wage as per the law, but only the lowest salary recorded in an extensive survey by Salary Explorer with numerous participants, encompassing professionals from various regions across the nation. In India, the additional cash compensation averages INR 1,55,350 and it ranges from INR 75,000 to INR 3,10,419.Â
Minimum Wage in IndiaÂ
In 2024, the Chief Labour Commissioner of the Indian government revised minimum wages to help workers with rising living costs. The Variable Dearness Allowance (VDA) rates for agricultural workers will be updated in 2024. This update is based on the average consumer price index for industrial workers. The new daily minimum wage rates in 2024 are shown below across various fields:Â
Construction Maintenance Field Â
- Unskilled workers: 783 INR (9.25 USD)/dayÂ
- Semi-skilled workers: 868 (10.25 USD)/dayÂ
- Skilled workers: 954 (11.27 USD)/dayÂ
- Highly skilled workers: 1,035 (12.22 USD)/dayÂ
AgricultureÂ
- Unskilled workers: 500Â (5.91Â USD)/dayÂ
- Semi-skilled workers: 546Â (6.45 USD)/day Â
- Skilled workers:Â 593Â (7.00Â USD)/dayÂ
- Highly skilled Workers: 656Â (7.75Â USD)/dayÂ
MiningÂ
- Unskilled workers: 526Â (6.21Â USD)/dayÂ
- Semi-skilled workers: 655Â (7.74Â USD)/day Â
- Skilled workers:Â 783 (9.25Â USD)/dayÂ
- Highly skilled Workers: 912Â (10.77Â USD)/dayÂ
What is the Indian Median Salary?
Generally, the Median income marks the central point of the income scale. According to PayScale, the median salary in India in 2024 is about INR 31,900 per month or INR 3.83 lakhs annually, indicating that half (50%) of India’s population earns below this amount, and the other half exceeds it.
There’s a huge variation in salaries based on industry, location, and role. Median wages are higher for IT, finance, and healthcare sectors than others. PayScale and Glassdoor are tools that can tell you how much you should be paid with more details on salaries by job title, experience, and skills. Â
What is the Maximum Salary in India?
In India, the maximum salary you can earn depends on three things: how long you have been working, what type of work you do, and your job title. The highest salaries are paid for jobs in computers, banking, and hospitals. These areas require workers specifically trained and knowledgeable and this is why they are paying high salaries. Â
Highest Paying Jobs in IndiaÂ
Let’s take a look what are the highest paying jobs in India in 2024:Â
1. Project ManagerÂ
Project management is one of the highest-paying careers in India. People in this role are responsible for managing projects from start to finish following a set plan. Their job is to plan tasks, manage risks, talk to stakeholders, and make sure communication is flowing. As the work of these professionals is essential to the success of a project, the demand for skilled professionals is increasing. In India, salaries for project managers range from 4,20000 INR to 30,00000 INR, with an average salary of 12.0 Lakhs INR per annum.Â
2. Artificial Intelligence (AI) & Machine Learning Engineers (ML)Â
The highest paying professionals in India are AI and machine learning engineers. They are experts in creating intelligent software systems that can learn and get better. They work very closely with clients and use AI and machine learning technologies to understand business needs and build software solutions. They also design algorithms that learn from data. In India, the average annual salary for an AI engineer is 10,00000 INR. The average annual Machine Learning Engineer Salary in India is over 10,80000 INR.Â
3. Data ScientistsÂ
Data Scientist is one of the highest-paying jobs in India, offering great salaries and many benefits. LinkedIn has called it “the most promising career.” A Data Scientist collects, analyzes, and interprets large amounts of data for an organization. Candidates in this field need a deep understanding of computer science, programming, mathematics, statistics, and analytics. Data Scientists in India earn on average more than 12,00000 per year. With experience, they can earn up to INR 25 Lakhs per annum.Â
Factors Affecting & Salary Comparisons in IndiaÂ
The amount of money people earn in India depends on many factors. Not all work areas pay as much as others. Computer and money-related jobs usually pay more.Â
How long you have worked and what you learn in your education matter a lot. Educated people tend to make more money, as do people who work for longer. It also depends on where you live. Living in a big city is more expensive, so companies want skilled workers and they pay more, so big cities usually have better-paying jobs.Â
By ProfessionÂ
| Occupation | Average Annual Salary (in INR) | Highest Salary (in INR) |
|---|---|---|
| Full Stack Developer | 6,70,000 (7923.17 USD) | 17,00000 (20103.56 USD) |
| Machine Learning Experts | 6,90,000 (8159.68 USD) | 22,00000 (26016.37 USD) |
| Marketing Manager | 7,00000 (8277.94 USD) | 20,00000 (23651.24 USD) |
| Blockchain Developer | 8,00000 (9460.50 USD) | 21,00000 (24833.81 USD) |
| Chartered Accountant | 9,00000 (10643.06 USD) | 18,00000 (21286.12 USD) |
| Data Scientist | 9,50000 (11234.34 USD) | 26,00000 (30746.62 USD) |
| Investment Banker | 9,60000 (11352.60 USD) | 33,00000 (39024.55 USD) |
| Medical Professionals | 10,00000 (11825.62 USD) | 17,00000 (20103.56 USD) |
Source: forbes.com
By Education
Education crucial component influencing salaries in India. In general, individuals with better educational qualifications tend to earn more. According to the Average Salary Survey by FORBES, let us see the average salary by educational level
Below is a comparison table displaying how education qualifications affect salaries
| Education Level | Average Annual Salary (in INR) |
|---|---|
| Doctorate Degree | 2,752,407 (32548.92 USD) |
| Master’s Degree | 2,126,111 (25142.58 USD) |
| Bachelor’s Degree | 1,697,592 (20075.08 USD) |
| High School | 1,153,703 (13643.26 USD) |
| Below High School | 1,112, 499 (13155.99 USD) |
Source: forbes.com
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By Experience
Experience is a big component that influences average salary levels in India. As experts gain more years of experience in their respective fields, their income potential typically increases. Below is a comparison table demonstrating how experience influences salaries:
| Experience | Average Progress (%) |
|---|---|
| 2 to 5 years | +32 |
| 5 to 10 years | +36 |
| 10 to 15 years | +21 |
| 15 to 20 years | +14 |
| 20+ years | +9 |
Source: forbes.com
By States
Location is a vital determinant of income in India. Here’s a contrast of average salaries in some distinguished cities:
| State | Average Monthly Salary (in INR) |
|---|---|
| Uttar Pradesh | 20,730 (245.15 USD) |
| West Bengal | 20,210 (239.00 USD) |
| Maharashtra | 20,110 (237.81 USD) |
| Tamil Nadu | 19,600 (231.78 USD) |
| Karnataka | 19,150 (226.46 USD) |
| Gujarat | 18,880 (223.27 USD) |
| Orissa | 18,790 (222.20 USD) |
| Andhra Pradesh | 18,520 (219.01 USD) |
| Jharkhand | 18,430 (217.95 USD) |
| Kerala | 18,290 (216.29 USD) |
By Cities
| City | Average Monthly Salary (in INR) |
|---|---|
| Solapur | 28,10,092 (33231.08 USD) |
| Mumbai | 21,17,870 (25045.13 USD) |
| Bengaluru | 21,01,388 (24850.22 USD) |
| Delhi | 20,43,703 (24168.06 USD) |
| Bhuvaneswar | 19,94,259 (23583.35 USD) |
| Jodhpur | 19,44,814 (22998.63 USD) |
| Pune | 18,95,370 (22413.93 USD) |
| Hyderabad | 18,62,407 (22024.12 USD) |
Source: Forbes
Note: All the salaries are only for guidelines. Individual salaries may vary significantly.
What is the Annual Salary Increment in India?Â
According to the WTW Salary Budget Planning Report, India’s salaries are expected to rise on average by 9.5 percent in 2024. Sectors like pharmaceuticals, manufacturing, insurance, and retail are expected to rise around 10%, 9.9%, 9.7% and 9.6% respectively. This growth is a sign of economic rebound and a rising need for skilled workers.Â
It feels great to raise because employees earn more money and feel important, motivating them. Good employers offer fair pay for employees’ hard work that tracks performance and keeps good workers. India’s job market is expected to grow positively with the projected salary growth.Â
Average Salaries India vs World :Â
The United States published the World Economic Situation and Prospects (WESP) report in 2021, which categorizes countries into three main economic classifications:Â
- Developing EconomiesÂ
- Economies in TransitionÂ
- Developed EconomiesÂ
Here’s an overview of the average salaries in nations within these categories and a comparison to India.Â
Average Salaries in Developing CountriesÂ
Â
| Country | Average Monthly Salary (in INR) | Comparison to Average Salary in India |
|---|---|---|
| Thailand | 249673.83 (2,949 USD) | 149% |
| Philippines | 74080.91 (875 USD) | 69% |
| Vietnam | 63328.59 (748 USD) | 54% |
| Egypt | 49697.71 (587 USD) | 31% |
| Pakistan | 43009.26 (508 USD) | 17% |
Source: Salary ExplorerÂ
Average Salaries in Moderately Developed Countries Â
| Country | Average Monthly Salary (in INR) | Comparison to Average Salary in India |
|---|---|---|
| Georgia | 185498.60 (2,191 USD) | 134% |
| Russia | 117852.14 (1,392 USD) | 106% |
| Albania | 78144.78 (923 USD) | 73% |
| Kazakhstan | 76451.50 (903 USD) | 71% |
| Ukraine | 71540.99 (845 USD) | 66% |
Source: Salary ExplorerÂ
Average Salaries in Developed CountriesÂ
| Country | Average Monthly Salary (in INR) | Comparison to Average Salary in India |
|---|---|---|
| Georgia | 185498.60 (2,191 USD) | 134% |
| Russia | 117852.14 (1,392 USD) | 106% |
| Albania | 78144.78 (923 USD) | 73% |
| Kazakhstan | 76451.50 (903 USD) | 71% |
| Ukraine | 71540.99 (845 USD) | 66% |
Source: Salary ExplorerÂ
Average Salaries in Developed CountriesÂ
| Country | Average Monthly Salary (in INR) | Comparison to Average Salary in India |
|---|---|---|
| United Kingdom | 685100.25 (8,092 USD) | 180%  |
| United States | 668844.79 (7,900 USD) | 179% |
| Norway | 482245.56 (5,696 USD) | 172% |
| Germany | 380394.89 (4,493 USD) | 165% |
| Austria | 378447.62 (4,470 USD) | 165% |
Top 3 Industries Commonly Outsourced to IndiaÂ
India has become one of the top outsourcing destinations in the world due to its skilled workforce, lower operational costs, and a range of industries ready for outsourcing. Here are the top three industries that are commonly outsourced to India:Â
1. Business Process Outsourcing (BPO) Â
Most of the businesses in the BPO sector outsource non-core tasks like customer support, telemarketing, accounting, and HR services. Many companies from the U.S., UK, and other countries shift their customer service operations and technical support to India. The reason? India has a talent pool of fluent English-speaking people who are highly suitable for various customer service jobs. It thus allows companies to deliver quality services at cheaper costs.Â
2. Information and Technology (IT) ServicesÂ
Outsourcing IT services to India gives you many benefits to boost your business. The Indian IT market is worth more than 235 billion USD. Moreover, the fifth-largest industry in India is IT outsourcing. If you want to hire staff to work in some fields such as software development, cybersecurity, and more, you can easily find workers with good experience in those fields in India. You get 24/7 hours support from Indian teams. Because of these time zone differences, you can run your operations smoothly, so issues get fixed quickly.Â
3. Knowledge Process Outsourcing (KPO)Â
Knowledge Process Outsourcing (KPO) means giving important tasks like research, data analysis, and legal work to experts in India. These experts have special skills and training to do the job well. You save money because you get great service at lower costs. You can also save your team which helps to focus on growing your business. Indian KPO teams work quickly, so your projects are done on time. With KPO, you get better results and can concentrate on what matters most.Â
So, outsourcing to India or other countries with lower average salaries has increased rapidly. However, with the increased outsourcing also has many challenges like balancing the employee timings across different time zones of the world, tracking productivity, etc.Â
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Free SignupBook DemoFinal WordsÂ
The average salaries in India vary considerably based on numerous factors, making it vital for people to consider their profession, Education, Experience, and Location while assessing earning potential. India’s economy is unique, with disparities in salaries throughout different industries and regions.Â
When compared to nations in different economic classes, India’s common income typically falls within the lower to middle range. Developed countries offer always higher average salaries, reflecting their advanced financial popularity.Â
That’s why India has become a popular and convenient choice of destination for outsourcing, which provides access to a qualified talent pool at considerably low costs for multinational companies.Â
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Frequently Asked Questions
Jobs in the medical, technology, and executive management sectors often have the highest salaries in India. Specifically, roles such as doctors, IT professionals, and CEOs are known for high earnings.
A good starting salary in India would depend on the industry, location, and the individual’s qualifications. Generally, a starting salary above the average for fresh graduates in the relevant field is considered good. The average salary for a skilled worker in India as of 2023 is reported to be around 576,000 INR per year or 48,000 INR a month.
A good starting salary in India would depend on the industry, location, and the individual’s qualifications. Generally, a starting salary above the average for fresh graduates in the relevant field is considered good. The average salary for a skilled worker in India as of 2023 is reported to be around 576,000 INR per year or 48,000 INR a month.Â
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Companies in the technology, management, finance, and pharmaceutical industries are known to offer some of the highest salaries in India. Specific companies paying top salaries would depend on the current market and industry trends.Â
Bangalore, being a tech hub, has higher-than-average salaries for IT professionals, with figures varying based on experience and expertise. According to PayScale the Average salary in Bangalore is 60,583 INR (735 USD).Â
Programmers’ earnings in India vary based on their programming skills, experience, and the type of company they work for. Fresh graduates can start from INR 3,00,000 per annum, with the potential for growth with experience and expertise.Â
The average starting salary for a doctor in India is INR 5 LPA. With experience and skill, a senior doctor in India may earn above INR 12 LPA. Doctors’ salaries in India vary widely depending on their specialization, experience, and whether they work in the public or private sector.Â
