Prime Decoder: Understanding India’s proposed move from minimum wage to living wage

2025 is not far away, and India is likely to move away from its minimum wage system to a living wage system by next year. ET reported last week that the government has asked for technical assistance from the International Labour Organisation – ILO – to make the shift happen. ET Prime decodes the impact of this move. What is minimum wage? A minimum wage is the lowest rate of wage that an employer is legally bound to pay for a specific employment.