DEFINITION of 'Triggering Term'. A word or phrase that when used in advertising literature requires the presentation of the terms of a credit agreement so that individuals can compare credit offers on a fair and equal basis.
The $146-billion (Rs 9.3 lakh crore) IT industry employs some 3 million professionals. At India's top five outsourcing firms, the average age of employees is nearly 30, compared to the decade of the 2000s when the average age was around 25.
However, wage inflation is rising faster in India as demand for skilled workers for executive roles continues to outstrip the amount of suitable candidates. Salaries rose by an average of 11.5% a year in India in the past five years compared to 7.5% in China.Financial analysts in India earn less than their Chinese peers. Project managers are paid twice as much in China than in India, according to human resources consultants Mercer.ource: Mercer Human Resource Consulting. Accountants earn 4,677 in China compared to 2,956 in India while Chinese sales reps are paid 2,649 compared to 2,464 in India. Even at the lowest end of the pay scale, skilled factory workers in China earn nearly 300 more a year than their Indian counterparts.