India recorded highest average real wage growth in South Asia during 2008–17, says ILO report

According to a report by the International Labour Organization (ILO), India recorded the highest average real wage growth in South Asia during 2008–17.

The Global Wage Report 2018/19 said that workers in Asia and the Pacific have enjoyed the highest real wage growth among all regions over the period 2006–17, with nations such as China, India, Thailand and Vietnam leading the way.

“Wage growth continues in Saudi Arabia, India and Indonesia, whereas in Turkey it declined to around 1 percent in 2017,” Wage report further said.

The ILO report added that all emerging G20 nations except Mexico experienced significant growth in average real wages between 2008 -2017 and the wages have almost tripled in emerging and developing G20 nations.

“We are seeing some degree – I don’t want to exaggerate it – of convergence,” said ILO Director-General Guy Ryder, noting that “wages in developing countries are increasing more quickly than those in higher-income countries.”