A blog about everything including personal finances.
Friday, July 21, 2006
Wage Inflation Affecting India. Salaries Increase To $5,763.
I always wondered what do the folks in India get paid. Well, I found this article that talks about how India is dealing with wage inflation.
"During Infosys' earnings call the previous week, Infosys CEO Nandan Nilekani addressed the twin topics of wage inflation and employee attrition, saying that the company will increase starting salaries from $5,122 to $5,763, a 12.5 percent increase, on average."
Check it out in its entirety.