Average pay is expected to rise some 10.6% in India this year, according to consulting firm Hewitt Associates India, well ahead of China where pay is set to rise 6.7%.The pay rises may sound impressive, though with the cost of food and other prices soaring, people's spending power may not actually be rising that fast - if at all. Everything here has become more expensive during the last year, especially food. The price of vegetables has more than doubled and overall food inflation for February was 17.8%. Manufactured goods are also getting more expensive.
http://news.bbc.co.uk/1/hi/business/8563743.stm
