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Articles: News | MNCs prefer India to China
- Mr. Ravi Kumar Sunkara
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London: Western companies prefer operating in India rather than in China because of Indians' expertise in the English language and lower wage costs, a leading human resources agency has said.
Wage costs are higher in China than in India, the Mercer Human Resource Consulting concluded in a report based on a study of more than 600 companies in the two countries.
Some senior managers and professionals in China reportedly earn more than double the rates paid to Indian managers.
'Although wage costs are lower in India, there is a high demand for skilled workers there, particularly at the executive level,' said Mark Sullivan, worldwide partner at Mercer.
'If demand continues to outweigh supply then we can expect wages to increase substantially over the next few years.'
Average pay rates have risen 11.5 percent in India in the past five years compared with 7.5 percent in China.
India had 'an enviable pool of high quality, talented professionals' and the largest population of English speakers outside the US, while China had attracted foreign manufacturers with its production facilities and low-cost labour, the agency said.
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