Key Facts: India vs Venezuela Wages
- India Minimum Wage
- ₹4,576/mo ($48.17 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- India Avg. Gross Monthly Salary
- ₹31,900 /mo ($335.82 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Ministry of Labour and Employment. Central VDA April 2026 update verified via clc.gov.in/clc/min-wages: CPI rose 11.28 points triggering increase in centrally-regulated minimum wages (covers construction, sweeping/cleaning, watch & ward, and other Central Sphere employments). Note: Central VDA does NOT replace state minimum wages — most workers are subject to state-set rates which vary by state and update on different cycles. (2026-05-04), Venezuelan Ministry of Labour (MINPPTRASS) / Decreto 4.653/2022 / Cendas-FVM. Confirmed: legal salario mínimo has been UNCHANGED at VES 130 since March 2022 (over 4 years frozen amid hyperinflation). Effective real income for workers is dominated by the 'ingreso integral' (bono de guerra económica + CESTATICKET food bonus), increased to USD 240/month effective 1 May 2026. (2026-05-04)
India 
Venezuela
Updated 2026-05-04
The minimum wage in India is roughly 2586 times higher than in Venezuela in USD terms, reflecting the gap between a lower-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $336/mo in India versus $14/mo in Venezuela, a 24.5:1 ratio.
India's unemployment rate is 4.2% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | India | Venezuela |
|---|---|---|
| Minimum wage /hr | — | Bs.D0.68 $0.02 |
| Minimum wage /day | ₹176 $1.85 | Bs.D5.42 $0.15 |
| Minimum wage /mo | ₹4,576 $48.17 | Bs.D130 $3.56 |
| Minimum wage /yr | ₹54,912 $578.08 | — |
| Avg. gross salary /mo | ₹31,900 /mo $335.82 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | ₹27,500 /mo $289.50 | N/A/mo |
| Median individual income /yr | ₹150,000 /yr $1,579.11 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means India is higher.
Work Week
- India
-
48 hrs/wk standard
Max 48 hrs/wk
Overtime : 2x pay
Factories Act sets 48 hours/week, 9 hours/day. Overtime paid at double the ordinary rate. New Labour Codes (when implemented) may standardize at 48 hours across 4-6 day weeks.
- Venezuela
-
40 hrs/wk standard
Max 44 hrs/wk
Overtime : 1.5x pay
Organic Labour Law (LOTTT) of 2012 sets the standard workweek at 40 hours (8 hours/day, 5 days). Certain sectors may work up to 44 hours/week. Overtime is limited to 100 hours/year and paid at a premium of at least 50%. Night work (7pm–5am) carries a 30% premium. Workers are entitled to 2 years advance notice before termination — the LOTTT provides extremely strong job security provisions. Saturday is often worked in practice in commerce/industry.
What This Means for Workers
A minimum wage worker moving from Venezuela to India would see a 258478% increase in USD-equivalent hourly earnings. Standard work weeks differ: India mandates 48 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in India are $2,312 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs India
Compare India with...
India vs United States $ 7.25 /hr 
India vs China ¥ 25 /hr 
India vs Germany € 13.9 /hr 
India vs United Kingdom £ 12.71 /hr 
India vs Japan ¥ 1,121 /hr 
India vs France € 12.02 /hr 
India vs South Korea ₩ 10,320 /hr 
India vs Canada C$ 18.1 /hr 
India vs Australia A$ 24.95 /hr 
India vs Brazil R$ 7.37 /hr 
India vs Russia ₽ 156.31 /hr 
India vs Mexico MX$ 9,583.52 /mo 
India vs Indonesia Rp 33,058 /hr 
India vs Netherlands € 14.71 /hr 
India vs Saudi Arabia ﷼ 23.08 /hr 
India vs Turkey ₺ 164.94 /hr 
India vs Taiwan NT$ 190 /hr 
India vs Switzerland 
India vs Poland zł 31.4 /hr 
India vs Thailand ฿ 10,400 /mo 
India vs Sweden 
India vs Argentina ARS 1,762 /hr 
India vs Singapore 
India vs Norway Frequently Asked Questions
Is the minimum wage higher in India or Venezuela?
In India, the minimum wage is ₹4,576/mo ($48.17 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). India has the higher rate by 258478% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Venezuela may retain a larger share of their earnings if prices there are lower.
How much more does the average worker earn in India compared to Venezuela?
The average gross salary in India is ₹31,900/mo ($335.82 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in India earn approximately 2352% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between India and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in India earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between India and Venezuela?
India has a longer standard work week at 48 hours, compared to 40 hours in Venezuela. Workers in India work 48 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Venezuela working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.