Investor Remark Rs.25 LPA Salary Is ”Nothing In Today’s Age”, Ignites Debate
Investor Remark ₹25 LPA Salary Is ''Nothing In Today's Age'', Ignites Debate
Investor Sourav Dutta’s post about ₹25 LPA salaries sparks widespread debate on tech industry compensation.
Sourav Dutta, an investor, has stirred significant controversy on social media with his assertion that a ₹25 lakhs per annum (LPA) salary is “nothing” in the current era. Dutta’s provocative statement, posted on X (formerly Twitter), questioned whether tech salaries are distorting the market.
25 LPA salary in today's age is nothing.
— Sourav Dutta (@Dutta_Souravd) August 2, 2024
Even a 3-5 year experience software engineer gets more than this.
Are tech salaries distorting the market?
“₹25 LPA salary in today’s age is nothing. Even a software engineer gets more than this. Are tech salaries distorting the market?” Dutta wrote, igniting a firestorm of reactions and comments.
This tweet, shared just two days ago, has rapidly gone viral, sparking a heated debate online.
Many industry professionals, including those with over a decade of experience who still earn around ₹25 LPA, voiced their disagreement. They argued that such a salary remains substantial for many and highlighted the broader issue of stagnant wages within the IT sector.
“It is very uncommon. What stats do you have to support your claim?”, a user asked
Other user wrote, ”Who are 3-5 year techies ? I know many IT guys/girls , they earn 20-25 LPA after 10 years of experience. May be few startups offer such a high package to new guys but not big tech.”
Mr. Dutta responded by saying that salaries have increased and ₹30 LPA is now common for 5 years of experience.
Another commented, ”It’s not common; only some guys have this offer, those are switching frequently.”
A third added, ”Since COVID, salaries have inflated, and you see the mass layoffs and restructuring because cos have realized the situation post-COVID, and then people are falling into the reality.”
The debate underscores the varying perspectives on compensation within the tech industry. While some view ₹25 LPA as insufficient given the rising cost of living and inflation, others consider it a respectable income, especially outside major tech hubs.
Dutta’s remark comes amidst broader discussions about salary stagnation and market distortion within the IT industry. Many argue that while top-tier tech companies offer lucrative packages, the majority of professionals do not see comparable compensation, leading to significant income disparity within the sector.
