Insta
Manufacturing ‘Pays’: Wages Record Highest Growth In Three Years As Median Gross Salary Grows 9 Per Cent
Employees working at an assembly line at Mahindra and Mahindra Plant in Nashik, India. Industrial Shot (Sanjay Pandya/The India Today Group/Getty Images)
According to reports, the median gross salary in the manufacturing sector witnessed a 9 per cent jump which is indicative of a pick up in local manufacturing activity especially in sectors such as steel, auto, chemicals and energy.
As per the Monster Salary Index (MSI), manufacturing was the second highest earning sector in the country with the Information Technology field retaining its numero uno position as it pays a median wage of Rs. 317.6 per hour. However, the IT sector’s wage increase was 17 per cent lower than the previous year resulting in a majority (51 per cent) expressing dissatisfaction with their jobs.
Expressing bullishness over the manufacturing prospects of the country, an official from Monster.com said “as Industry 4.0 continues to gain acceptance and reshapes the manufacturing industry, India is well positioned to become one of the largest manufacturing economies in the world. The momentum is mirrored by the increased median gross hourly wage recorded for the manufacturing sector in the Monster Salary Index”.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
