Millennials are simply not that alarmed by the idea of socialism. For instance, a national Reason-Rupe survey found that 53 percent of 18- to 29-year-olds view socialism favorably, compared to only a quarter of Americans over 55.
In India, the Average Daily Real Wage Rate refers to the overall average wage that a worker gets per day at 1960 prices, in the manufacturing sector.ages In Manufacturing in India decreased to 6.25 INR/Day in 2013 from 6.55 INR/Day in 2012.
Now, according to the Government, Indiaâs per capita income has crossed Rs 50,000 for the first time in 2010-2011. It is at Rs 53,000 or around USD 1,000. This is at current prices or market prices. The same works out to USD 790 at constant prices, that is, after factoring inflation.