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india cost of living vs us
India cost of living vs us: The story was probably a hit due to its powerhouse star. That NRIs from the US are returning to India is not a shocking trend. NRIs have, in the past few years, moved to India in huge numbers seeking better life both professionally and personally. If you’re an NRI contemplating a move to India, it is important to know one factor you should know thoroughly: the income you’ll receive in India.
Kris Lakshmikanth, Founder CEO of The Head Hunters India Pvt Ltd., declares, “When it comes to compensation, we see that the expectations of NRIs are overinflated. They usually rely on the word of mouth that their friend or acquaintance who has came back to India has shared an untruthful tale about Indian salary levels. They would rather go by the yardstick.”
One thing to be aware of is that you cannot get the same amount of rupees as what you earn in US income in India. The cost of living in India is considerably less than in the US. This also means lower labor costs in India. These are the factors that determine the amount of your India salary. Seema Nair, co-leader of India HR Operations from Cisco India, explains, “The amount of money you earn that you earn in India (for Cisco employees moving from the US in India) is based on the local market rate for wages and could be higher for the most critical skill sets.” ..
Achyut Menon, who is the director of Options Executive Search Pvt Ltd, is also quoted as saying, “In the 90s, those who were sent to India received ex-pat wages. These days are gone. In the past decade, India has become an appealing market for global corporations that aren’t just seeking to establish offshore facilities but also capitalize on the rising, educated, and aspirational middle-class consumer segment. In addition, there is an abundance of skilled labor in India itself.