Real earnings fell for salaried, self-employed in past 6 years: Eco Survey

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Real earnings fell for salaried, self-employed in past 6 years: Eco Survey - Business Standard

Quick Summary:

Data from the Economic Survey showed that monthly earnings for male workers engaged in self-employment declined by 9.

Arun Kumar, former professor at Jawaharlal Nehru University, said that workers' earnings have faced severe adverse conditions in recent years."First, it was successive economic policy shocks like demonetisation and the COVID-19 lockdown.

While profits climbed 22.3 per cent in FY24, employment grew by a mere 1.5 per cent."Despite Indian companies achieving a stable Ebitda margin of 22 per cent over the last four years, wage growth has moderated.