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Approximate PPP adjustment
A reasonable way economists think about this is that the UK price level is roughly 2.3–2.8× India’s (depending on the basket of goods and methodology).
Using a midpoint of 2.5×:
- London trainee:
- ₹76 lakh nominal
- PPP-adjusted purchasing power ≈ ₹30–31 lakh in India
Compared with:
- CAM/KCO fresher:
- ₹22 lakh
The effective purchasing-power gap becomes:
31 ÷ 22 ≈ 1.4×
So after accounting for local prices, the London trainee is closer to 40% better off, not 245% better off.
(ChatGPT did the math)
But really, when the London trainee becomes a NQ solicitor - the difference is steep. And even accounting for PPP, Indian law firm pay is abysmally low compared to UK/US/even Singapore counterparts.