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Only Pakistanis Earn Less Than Indians

NEWS WORLD INDIA | 0
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| May 15 , 2015 , 16:28 IST
May 15 is International World Family Day. With an increasingly globalised world, India's average wage and purchasing power is a matter of concern. According to International Labour Organisation (ILO), the world average wage in terms of Purchasing Power Parity (PPP) dollars is $1480. PPP is a technique used to determine the relative value of different currencies. According to this report, India's monthly average wage is $295 and ranks in the last four with Pakistan sitting at the bottom with an average wage of $255. The top ranking country with the highest average wage is Luxembourg with PPP in dollar value at $4,089. The United States ranks on number four, followed by the United Kingdom. The graph below provides the complete picture: Statistic: Average wages around the world, adjusted by purchasing power 2012 (in U.S. dollars) | Statista