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

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

News that India plans to replace its minimum wage system with living wages trickled in last week. What difference will it make?

By
4 mins read,
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.

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