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Asian wages continue to rise: High growth in India, weak in China

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Real wage growth rates in Asia also continue to improve in 2023. ECA International, a large British talent consulting company, forecasts that the Asia-Pacific region will increase by 1.3%, which is the highest level in the world. India in particular reached 4.6%, expected to exceed 2022 (2.1%

It showed strength in Asia against the backdrop of a 0.5% decline in the world as a whole. India's high economic growth drives up wages. The Association of Southeast Asian Nations (ASEAN) also benefited from the end of the new crown virus, and expectations for economic recovery strengthened. China is 3.8%. Although maintained at a high level, due to the economic slowdown caused by the epidemic, growth appears weak compared to previous years
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