Slow pay growth adds to hurdles in way of India’s recovery even as joblessness eases

Wage bills of companies increased by just 2.9% in the three months to June from a year ago -- the slowest growth in 18 years, according to a separate analysis of 1,560 listed companies by Mumbai-based private research firm Centre for Monitoring Indian Economy Pvt.

from News-Economic Times https://ift.tt/2YF62ez