How is the minimum wage calculated in India? India offers the most competitive labor costs in Asia, with the national-level minimum wage at around INR 176 (US$2.80) per day, which works out to INR 4,576 (US$62) per month. This is a national floor-level wage – and will vary depending on geographical areas and other criteria. More broadly, a global ranking of average wages recently prepared by Picodi.com showed that India had an average monthly wage of INR 32,800 (US$437).