IHT: As India grows prosperous, inflation starts spiraling
Demand for nearly everything from housing to beer is outpacing supply in part because white-collar salaries are rising faster in India than anywhere else in Asia, climbing 13.7 percent on average over the past year
… Wages for junior managers and technical staff are rising fastest of all … But junior and middle managers still earn only one-fifth to two-fifths of what they would in the United States or Europe.
Ummmm…large and in charge?
Sorry, I couldn’t resist…