Updated 25 October 2026
Quick answer: In India in 2026, the minimum wage is ₹178/day (national floor), about $49 a month full time; mortgage rates are about 7.25%; the state pension age is 58 (EPS pension). The table below puts 7 everyday money measures for India side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.
Most comparisons of India look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in India, so you can see them together and see how India compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.
India at a Glance
| Measure | India | Rank |
|---|---|---|
| Minimum wage | ₹178/day (national floor) (≈ $49/month) | Lowest of 38 |
| Pay rise forecast 2027 | 8.9% (inflation 5.5%) | Highest of 29 |
| Mortgage rate | 7.25% (bank home loans, 2026) | 4th highest of 31 |
| State pension age | 58 (EPS pension) | 3rd lowest of 39 |
| Pension (share of pay) | 44.6% of net pay | 9th lowest of 50 |
| Bank deposit protection | ₹5 lakh (₹500,000) per person, per bank | — |
| Inheritance tax (children) | None | — |
Rank compares India with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.
Minimum Wage in India (2026)
The legal minimum wage in India is ₹178/day (national floor). For a month of full-time work that is about $49 at current exchange rates, the lowest of 38 countries we compare in our comparison. Non-binding national floor; states set their own, often higher, rates.
Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (CSV).
Pay Rises in India: 2027 Forecast
Employers in India expect to raise salaries by 8.9% in 2027 (median of the major pay surveys), after 9.5% in 2026. With inflation at 5.5% (Sep), that is a real rise of about 3.2 points.
Full table for every country, with sources: Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table. Download the data (CSV).
Mortgage Rates in India (2026)
The typical mortgage rate in India is 7.25% (bank home loans, 2026), 4th highest of 31 countries.
SBI's starting rate in mid-2026, before the RBI raised the repo rate to 5.50% on 7 October 2026; floating rates reset with the repo rate.
Full table for every country, with sources: Mortgage Rates by Country 2026: Where Buying a Home Costs the Most. Download the data (CSV).
Retirement Age in India
The state pension age in India is 58 (EPS pension) for people reaching it in 2026; the earliest you can claim is 50 (reduced). Future change: none legislated. No universal state pension. The EPFO pension starts at 58; most government jobs retire at 60.
Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (CSV).
How Much the State Pension Pays in India
A full-career average earner in India can expect a mandatory pension worth about 44.6% of their previous net pay, 9th least generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 45%. High earner (twice the average): 24%.
Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (CSV).
How Much of Your Money Is Protected in India
Bank deposits in India are protected up to ₹5 lakh (₹500,000) per depositor, per bank (about $5,300), under the DICGC scheme. Money in payment apps and e-money wallets is usually not covered.
Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (CSV).
Inheritance Tax in India
India has no inheritance tax for children. Estate duty abolished in 1985.
Full table for every country, with sources: Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays. Download the data (CSV).
Frequently Asked Questions
What is the minimum wage in India in 2026?
The minimum wage in India is ₹178/day (national floor), about $49 a month for full-time work. That is the lowest of 38 countries we compare. Non-binding national floor; states set their own, often higher, rates.
What is the average pay rise in India for 2027?
Pay surveys forecast an average salary increase of 8.9% in India for 2027, against inflation of 5.5%.
What are mortgage rates in India right now?
Mortgage rates in India are about 7.25% (bank home loans, 2026). SBI's starting rate in mid-2026, before the RBI raised the repo rate to 5.50% on 7 October 2026; floating rates reset with the repo rate.
What is the retirement age in India?
The state pension age in India is 58 (EPS pension) in 2026, with the earliest claim at 50 (reduced). Legislated change: None legislated.
How much is the state pension in India?
In India, mandatory pensions replace about 44.6% of an average earner's net pay after a full career, against an OECD average of 63.2%.
How much money is insured in a bank in India?
Deposits in India are insured up to ₹5 lakh (₹500,000) per person, per bank.
Is there inheritance tax in India?
No. India does not tax inheritances passed to children. Estate duty abolished in 1985.
Compare India With Other Countries
See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, the United Kingdom, the United States.
Related Guides
- Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars
- Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table
- Mortgage Rates by Country 2026: Where Buying a Home Costs the Most
- Retirement Age by Country 2026: State Pension Ages in 39 Countries
- State Pension Amounts by Country 2026: How Much Retirees Actually Get
- Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected
- Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays
- How Much Emergency Fund Do You Need? (With Calculator)
Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.
0 Comments
Thanks for reading my blog,please read other topics my blog also!!!