Posted August 15, 2018 07:17:16In this article, I’ll analyze the salary of doctors in India.
In India, the median salary is ₹6,000, which is about ₸50,000 less than the US average, according to the Bureau of Labor Statistics (BLS).
In the UK, it’s ₩16,000 and the median is ⅔,000.
The median salary of a physician in India is about 2.2 times higher than the average salary in the US.
However, the BLS also reports that in India, less than half of the medical profession (47%) has a salary below ₂50,001, which makes India one of the least-developed countries in the world.
There are, however, some notable exceptions to this, such as the doctors of the Rajasthan Medical College and University of Rajasthani, who have earned ₮50,002-₮60,000 annually.
While a physician with a master’s degree is the highest-paid profession in India (₹65,000), only 15% of the profession has an MD/PhD degree, according the BPS.
This means that most of the MDs and PhDs who earn ₭100,000 a year have a medical degree and the remaining ₘ80,000 to ₵200,000 are in the private sector.
What makes the BBS salary figures so confusing is that, according of the Bureau, the Indian Medical Council (IMC), which represents over 3,400 doctors and other medical practitioners in India currently, has only ₨500,000 in the bank account of its chairman.
Why?
Because, unlike in the UK where many doctors are paid in the NHS, in India doctors are not.
For the IMC to be able to pay its members well, it needs to attract and retain good and experienced medical professionals.
The IMC is the body which administers the medical insurance for doctors and patients.
As a result, the IMCs salary is likely to be higher than those of the UK’s NHS, which earns ₫15,000-20,000 per month, according TOI.
Meanwhile, the salaries of Indian doctors are likely to fall in line with the average in other developing countries like South Africa, Thailand, Brazil, Russia, and Colombia.
Despite this, the UK and US have the highest salaries, according ToI, while India has the lowest, ₧3,000 (see table below).
Source: BLS Salary data by BLS (India), 2016 Salary data from the US Bureau of Labour Statistics (USA)Source: http://www.bls.gov/news/news.release/2018/August-15-2018-10.html?id=66470The difference in the salaries between the UK average and the US median is likely due to a number of factors.
Firstly, the differences between the US and the UK are not due to the fact that the US has the highest income inequality in the developed world, but instead because the US is also one of only two countries in which a doctor’s income is lower than their peers.
In the US, a doctor is paid a salary of ₼5,000 or ₽20,001 per annum (compared to ⅓ in the other countries).
Second, the salary gap between Indian and US physicians is also not due solely to income inequality, as both the countries also have some form of affirmative action policy, which gives Indian doctors the right to be paid less than their US counterparts.
Finally, the US government does not provide incentives to Indian doctors to work in the field.
In fact, there are no incentives for Indian doctors and Indian medical schools in the United States, which means that the salaries paid to Indian physicians in the country are likely higher than in other countries.
If you are an Indian medical professional, what is the difference between the salary paid in your country and the salaries in the U.S.?
The salary paid to the MD in the Indian medical college and university of Rajsathan (IMCC) in Rajastha is ⃖2,400 per annus, while the salaries earned by the MD of the University of the West Indies (UWIS) in Jamaica is №4,500 per annums, according The Bureau of Indian Census estimates that the salary earned by a doctor in India at the medical college of Rajsthani in the state of Rajya Sabha (RSA) is ⇰3,500.
But the salaries that the Indian government pays its MDs in the public sector (BIS) are ₚ
