India ranks 72 globally in terms of average monthly wage

In a global survey conducted by Picodi.com, an international e-commerce platform which provides discount coupons, India is placed at 72 number among 106 nations while Switzerland topping the chart.

Ranking in Brief

The ranking by Picodi.com placed Switzerland at the top, where the average wage amounts to Rs 4,49,000 while placing Cuba at the lowest rank where the average wage is at Rs 2,700. With an average earning of Rs 3,00,900 and Rs 2,64,900 Luxembourg and the United States, ranked second and third respectively. Denmark ($3,515), Singapore ($3,414), Australia ($3,333), Qatar ($3,232), Norway ($3,174), Hong Kong ($3,024) and Iceland ($2,844) were the others in top 10. Countries such as Kazakhstan (Rs 32,700), Brazil (Rs 26,000), and Egypt (Rs 16,400) ranked below India. However, India was outrun by countries such as South Korea (Rs 1,72,900), China (Rs 72,100), Malaysia (Rs 62,700), or Thailand (Rs 46,400). Following were Vietnam (Rs 30,200), Philippines (Rs 23,100), Indonesia (Rs 22,900), and Pakistan (Rs 15,700). Singapore, Australia, and Hong Kong were the ultimate leaders among Asian countries with average wages higher than Rs 2,00,000.

The basis of ranking

Picodi.com made the ranking on the basis of average wages which come from the website numbeo.com. The average wages after taxes and local currencies were converted at the average Google Finance rate for August 2020. Cuba, Uganda and Nigeria, close the ranking with wages between Rs 2,700 and Rs 13,800. Among the Asian countries, India ended up in the second part of the ranking (10th out of 16).

Month: Current Affairs - August, 2020