India’s average salary is ₹18.91 lakh per year, with a typical earning of ₹5.76 lakh, according to data from Average Salary Survey.
What Happened: The survey, based on 11,570 salary surveys, reveals a gender wage gap in India. Men receive an average salary of ₹19.53 lakh, while women earn an average of ₹15.16 lakh. The highest-paid careers are in Management & Business, with an average income of ₹29.50 lakh, and Law, with an average income of ₹27.02 lakh.
According to the survey, In terms of cities, Solapur stands out as the city with the highest figures, recording an average of ₹28 lakh. However, the small sample size from the city was just two.
Mumbai, on the other hand, with a much larger sample size of 1,748 people, came in second with an average annual salary of ₹21.17lakh.
See Also: Which Are The Best Tax Saving Mutual Funds In India?
Coming in third was the country’s Silicon Valley, Bengaluru, with an average annual salary of ₹21.01 lakh, based on a survey of 2,799 individuals.
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The survey also highlights the impact of education and experience on earnings. Individuals with a Doctorate Degree earn the highest salaries, averaging ₹27.52 lakh. Those with a Masters Degree earn an average of ₹21.26 lakh. Experience also plays a significant role, with people having 20+ years of experience receiving an average salary of ₹38.15 lakh, and those with 16-20 years of experience earning ₹36.50 lakh on average.
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