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India Wage Crisis: How Inflation Is Devastating Real Incomes

India wage crisis an alarming trend over the last seven years: nominal wage growth has lagged behind inflation. From ₹18,000 to ₹21,000 between 2017 and 2024, wage growth has risen by just 17%. Over this period, the Consumer Price Index rose by 51%—a readily accepted measure of inflation. This wage growth-inflation gap reflects a disturbing reality: In …

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Source: Inventiva
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