New Delhi, March 7: Gender pay gap is still high in India, as women in the country earn 19 percent less than men, and wage inequalities in favor of men are present in all the relevant sectors, a survey said Thursday.
According to the latest Monster Salary Index, the current gender pay gap in India stood at 19 percent where men earned Rs 46.19 more in comparison to women.
The median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3. According to the survey, the gender pay gap spans across key industries.
IT/ITES services showed a sharp pay gap of 26 percent in favor of men, while in the manufacturing sector, men earn 24 percent more than women. Surprisingly, even in sectors like healthcare, caring services, and social work, men earn 21 percent more than women, even as notionally these sectors are more identified with women, the survey said.
Financial services, banking, and insurance is the only industry where men earn just 2 percent more, it added. According to the report, the gender pay gap widens with the years of experience. In the initial years, the gender pay gap is moderate but rises significantly as the tenure increases.
For those with over 10 years of experience, the gender pay gap in favor of men reaches the peak, with men earning 15 percent more than women. In 2018, the gap has narrowed only by one percent from 20 percent in 2017.