From mint · Salman Soz · · 1m
India's GDP Growth vs Worker Wages
India's strong GDP growth leaves workers behind as wages stagnate.
In brief
India's strong GDP growth leaves workers behind as wages stagnate. India's GDP grew 7.8% in Q1 2026-27 but real wages for workers have stagnated for years. Originally reported by mint.
India's GDP growth
India's GDP grew 7.8% in Q1 2026-27.
Corporate profits surge
Nifty 500 profits rose to 5.2% of GDP in 2025-26.
Worker wages stagnate
Real wages for workers haven't risen in years.
Rural wages barely grow
Rural wages grew 5.2% annually in rupees but fell 0.4% after inflation.
Past wage growth
Wages grew 7 percentage points above inflation between 2007-2013.
Corporate tax cut
Government cut corporate tax by ₹1.45 trillion annually.
Wage growth in Vietnam
Vietnam raises minimum wage 6% in 2024 and 7.2% in 2026.
China's wage growth
Chinese urban wages tripled in the decade to 2010.
The one thing
India's GDP grew 7.8% in Q1 2026-27 but real wages for workers have stagnated for years.
