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Construction industry in India-I: Massive labour cost advantage
May 18:
The construction industry in India enjoys a massive labour cost advantage over countries in the world, accordint to am international survey recently.
8The markets with the lowest construction wages are in Africa and India where hourly wages can range from between $ 1–3.
8No longer having the cheapest labour, Chinese construction workers now average $ 5 per hour.
8At the other extreme, workers in New York and Zurich are edging closer to $ 100 per hour, compared to an average labour rate of $ 28 per hour across all regions of the world.
8The survey shows that there are skill shortages in many countries around the world.
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8The markets with the lowest construction wages are in Africa and India where hourly wages can range from between $ 1–3.
8No longer having the cheapest labour, Chinese construction workers now average $ 5 per hour.
8At the other extreme, workers in New York and Zurich are edging closer to $ 100 per hour, compared to an average labour rate of $ 28 per hour across all regions of the world.
8The survey shows that there are skill shortages in many countries around the world.
Click on Reports for more
