Not to derail the topic, but I have another dilemma - taking out my camera to take pictures. On the one hand, I want to fit in, and breaking out your digital camera isn't a very "local" behavior. On the other hand, there are so many ridiculous moments and sites in India to document!!! What to do??? :eek:
When I was asked my salary I was not certain how much a lakh was, and answered 400 lakh instead of 40 lakh for 50k GBP!
There are some people in Bangalore now who are utterly amazed at the size of the salaries in the IT industry in the UK! They might also have wondered what I was doing in an auto-rickshaw...
Just wanted to point out that salaries of 40 - 80 lakhs are not uncommon here in India anymore.
I was taken by surprise too!
AWH : You can perhaps clarify something I have been unable to understand: Salaries need to be connected in some way to the output that a person is accountable for. So, Rs 80 lacs is approx $ 160,000, which would likely put you into the top 20-25% of household incomes(based on IRS data)in the US. The US GDP is roughly $14,000 Billion, while India is approx. $ 1,000 Billion. A company the size of Mahindra's( approx sales $ 6.8 Billion/yr)is among the top 10 business houses in India, while there are upmteen number of companies with annual revenues over $ 7 Billion in the US. So I am hard pressed to see how salaries of 50 to 80 lacs are not uncommon in India.
Even so I looked at the annual reports of Infosys and saw that very few 'Officers' there made over Rs 80 lacs/yr.. But I may be not counting in perks( housing,car etc..)..
More recently I read that Air India Pilots make as much as $ 15,000 per month.. comparable to pilots in US airlines, which are far more efficient and productive than Air India.
So what is the real story ?? Aren't Indian businesses as keen on keeping down costs and getting a return on their capital?
But as Nick has said, if I gave the impression this was 'common', I didn't mean to. I said 'not uncommon', which to me has a subtle difference!Sure... If mixing with senior management of large companies, especially ex-pat managers, or companies of an international nature, then such salaries will be "not uncommon"