Do you know how much does a person working in India earns? Do you have any idea about the average salary in India in 2024? The average monthly salary is around ₹32,800. If you found this shocking then read this article to find out more about how does India compares to other developed nations in average salaries, what is the hourly wage, what is the earning percentage, and salary comparison by cities.
India is developing at a steady pace and with the development, the income of the working class is increasing too. This steady growth is also reflected in the average salary in India. There are fluctuations, however, based on different sectors and factors though. Today, let’s take a look at the average salary of India as a nation in terms of state, age, and occupation.
What Is The Average Salary in India By State, By Age, And By Occupation (2024)?
Salaries to a great extent depend on education, city, gender, age, experience and obviously the country too. According to the research done by the experts, it was reported that 57% of regular Indian employees earn less than Rs.10,000.
Before we talk about the average salary in India let’s have a look at what is the average salary of the world. The world is divided into three categories. The first world is of developed countries and the third world is of developing countries.
| Country/Region | Annual income |
| Monaco | $186,080 |
| Bermuda | $125,210 |
| Norway | $95,520 |
| Switzerland | $95,490 |
| Luxembourg | $89,200 |
| Ireland | $79,730 |
| United States | $76,770 |
| Denmark | $73,520 |
| Qatar | $70,120 |
| Iceland | $68,660 |
| Singapore | $67,200 |
| Sweden | $63,500 |
| Australia | $60,840 |
| Netherlands | $60,230 |
| Austria | $55,720 |
| Israel | $55,140 |
| Finland | $54,930 |
| Hong Kong * | $54,370 |
| Germany | $54,030 |
| Belgium | $53,890 |
| Canada | $52,960 |
| United Kingdom | $49,240 |
| United Arab Emirates | $49,160 |
| New Zealand | $49,090 |
| France | $45,290 |
| Macao * | $43,680 |
| Japan | $42,440 |
| Italy | $38,200 |
| South Korea | $36,190 |
| Spain | $32,090 |
| Slovenia | $29,590 |
| Saudi Arabia | $27,680 |
| Estonia | $27,120 |
| Czechia | $26,100 |
| Portugal | $25,950 |
| Lithuania | $23,870 |
| Slovakia | $22,070 |
| Latvia | $21,850 |
| Greece | $21,810 |
| Hungary | $19,010 |
| Poland | $18,900 |
| Romania | $15,570 |
| China | $12,850 |
| Russia | $12,750 |
| Malaysia | $11,830 |
| Argentina | $11,590 |
| Mexico | $10,820 |
| Turkey | $10,640 |
| Brazil | $8,140 |
| Thailand | $7,230 |
| South Africa | $6,780 |
| Colombia | $6,500 |
| Ecuador | $6,300 |
| El Salvador | $4,720 |
| Palestine | $4,610 |
| Indonesia | $4,580 |
| Ukraine | $4,260 |
| Egypt | $4,100 |
| Vietnam | $4,010 |
| Iran | $3,980 |
| Philippines | $3,950 |
| Algeria | $3,920 |
| Morocco | $3,670 |
| Sri Lanka | $3,610 |
| Bolivia | $3,490 |
| Bangladesh | $2,820 |
| Nigeria | $2,160 |
| Cambodia | $1,690 |
| Cameroon | $1,640 |
| Pakistan | $1,560 |
| Nepal | $1,340 |
| Myanmar | $1,270 |
| Sudan | $760 |
| Afghanistan | $380 |
Source: worlddata.info
This was about the average salary around the world, you must have got an idea about the average salary around the world and you would be able to compare it easily with India. We would now have a look at the average salary of India and how it has been rising over since a few years.
Average Salary in India
As per the article published by The Economic Times, India’s monthly average salary is $437 which amounts to Rs 32,800.
What is the Average Income in India Per Day?
Income in India is different for different individuals, however, when an average is taken out the per day income in India is calculated in the bracket of Rs 300 to Rs 500. This is derived from various sources like Periodic Labour Force Study. This is also in accordance with the daily average income of rural and urban areas.
What is the Average Hourly Wage in India?
Considering the conclusive studies, it is found that on average the hourly pay in India is approximately Rs.180 per hour.
What Is Considered a Good Salary in India Per Month?
A salary is considered to be good enough when it can take off the basic needs as well as a few leisure’s. Considering the average salary and the expenses, a good salary is around 3 lakhs per annum.
As per that, a good salary per month is around Rs 25,000.
The average salary in India is comparatively less when compared to the west but as it is persistently rising which is a good sign.
When we talk about the average salary, it is also vital for us to know about the average hourly wage in India, as it would give you a clearer picture about the economy and career growth in the country.
Average Hourly Wage in India
Hourly wage means the salary paid in on the working hour. Mostly, the jobs are categorized into two sections, one is salaries and second in hourly. In salary, you get a fixed income and in hourly jobs, you get paid according to per hour. For calculating average salary into hourly the formula used is:
Assume 5 working days in a week and 8 working hours every day and then we calculated the average hourly wage.
It has been reported that an average hourly wage for all jobs is around Rs.96, which means that in India a person on an average earns Rs.96 for each hour worked.
Earning Percentage
| Percentage of People | Earn this salary or more |
| 99% | Rs. 118,710 |
| 97% | Rs. 231,250 |
| 87% | Rs.449,880 |
| 66% | Rs.877,730 |
| 20% | Rs.2,094,020 |
| 12% | Rs.2,702,760 |
| 5% | Rs.3,876,320 |
What is the Average Salary in India By State?
| State | Average Salary |
| Uttar Pradesh | Rs. 20,730 |
| West Bengal | Rs 20,210 |
| Maharashtra | Rs 20,110 |
| Bihar | Rs 19,960 |
| Rajasthan | Rs 19,740 |
| Madhya Pradesh | Rs 19.740 |
| Tamil Nadu | Rs 19,600 |
| Karnataka | Rs 19,150 |
| Gujrat | Rs 18,880 |
| Orissa | Rs 18,760 |
| Andhra Pradesh | Rs 18,520 |
| Jharkhand | Rs 18,430 |
| Kerala | Rs 18,290 |
| Punjab | Rs 18,120 |
| Assam | Rs 17,860 |
| Chattisgarh | Rs 17,570 |
| Haryana | Rs 17,330 |
| Uttaranchal | Rs 17,140 |
| Delhi | Rs 17,100 |
| Jammu and Kashmir | Rs 17,010 |
| Tripura | Rs 16,760 |
| Himachal Pradesh | Rs 16,640 |
| Manipur | Rs 16,420 |
| Meghalaya | Rs 16,260 |
| Nagaland | Rs 16,120 |
| Pondicherry | Rs 15,620 |
| Arunachal Pradesh | Rs 15,590 |
| Goa | Rs 15,540 |
| Mizoram | Rs 15,390 |
| Sikkim | Rs 15,130 |
| Chandigarh | Rs 14,940 |
| Dadra and Nagar Haveli | Rs 14,630 |
| Andaman And Nicobar Islands | Rs 14,350 |
| Daman and Diu | Rs 14,290 |
| Lakshadweep | Rs 14,260 |
The state of Uttar Pradesh has the highest average salary which is Rs.20,730 while Laksadeep ranks the lowest with an average salary of Rs.14,260.
Reference: Forbes
What is the Average Salary in India By Age?
Age is also a major determinant when it comes to the salary that is given. The reason is that as you grow older you get exposure and experience through which you can earn more.
Below is the classification of average salary from different age ranges:
| Age Range | Average Salary |
| Below 25 | Rs 5,905 |
| 25 to 34 | Rs 10,780 |
| 35 to 44 | Rs 13,777 |
| 45 to 55 | Rs 11,932 |
| Above 55 | Rs 10,365 |
What is the Average Salary in India By Occupation?
The field or sector in which you work plays a vital role in the remuneration that you will receive as some occupations are more rewarding than others. Below is the list of average salaries based on the sector of work/occupation:
Note – The average salaries mentioned in the table below are on an annual basis:
| Occupation | Average Salary (Annually) |
| Medical Professionals | Rs 10 Lakh |
| Data Scientist | Rs 9.5 Lakh |
| Machine Learning Professionals | Rs 6.9 Lakh |
| Full Stach Developer | Rs 6.7 Lakh |
| Management Consultant | Rs 11 Lakh |
| Investment Banker | Rs 9.6 Lakh |
| Marketing Professional | Rs 7 Lakh |
| Block Chain Developer | Rs 8 Lakh |
Also Read: How to Become Rich in India Without Investing Money?
Keeping the current developments in different fields in mind, it is suggested the average salary in India will see a substantial rise in the coming years. This increase will not only help the individuals but also the nation in the long run. Stay tuned for other interesting articles on finance with a fresh perspective.
What would be the Future?
As mentioned above in the blog, that the average salary in India is increasingly growing year by year. Salary for a few sectors might remain the same and for few, it might boom because of market and government policies. Thus, you have to be vigilant and wise while selecting any specific career because a lot depends on how much you get paid.
The averages mentioned should have been specifically distinguished as daily, monthly, annually
I’m a Developer and I know for a fact that even for B.E/B.Tech fresher 25k is an average.
What’s the source for this analysis?
It is not factually correct when you show average salary statewise is more in Bihar,MP and UP. Not sure what is the source of information “NDTV”
What is the source of the above data you have used?