Average wages likely to rise 4 times by 2030
The wage gap between developed countries and emerging market economies like India, China, and the Philippines, are likely to shrink significantly by 2030, and the average Indian wage could more than quadruple over the said period, says a PwC report. According to the report, emerging markets like India and Indonesia, which are at the lower end of wage projection in relative terms, are expected to witness spike in average wages levels, and this would in turn re-shape the global businesses.
The wage gap between developed countries and emerging market economies like India, China, and the Philippines, are likely to shrink significantly by 2030, and the average Indian wage could more than quadruple over the said period, says a PwC report. According to the report, emerging markets like India and Indonesia, which are at the lower end of wage projection in relative terms, are expected to witness spike in average wages levels, and this would in turn re-shape the global businesses.
Read the Economic Times news report here.
