The (sometimes astonishingly quick) benefits of globalization: Indian pay rises highest in Asia

Again from the BBC:

A new survey by global human resources firm Hewitt Associates says Indian workers gained an average salary increase of 14% in 2003. This was twice as much as second placed Philippines, where pay was up about 7%

As Bonobo readers would have expected, this is directly linked to the ongoing outsourcing of services from Western companies.

A spokesman for Bangalore-based human resources firm Ma Foi Consultants said, "Salaries are going up across the board. "Two sectors which are very aggressive in this area are the IT sector, and the business process outsourcing sector."

Although the article mentions that these rising wages are a symptom of a tightening in the supply of skilled English-speaking workers, the process is far from over in India, which remains one of the lowest-paying countries in Asia.