2010: ₹325k a year (equivalent to then $7000 per year)
2025: ₹350k a year (equivalent to now $4000 per year)
Even disregarding the global earning parity, that's only a rise of 10% over 15 years when inflation has risen by 100% in the same period. This is even more egregious when you consider that these companies earn primarily in dollars have enjoyed massive profits owing to depreciation of the Rupee.
These companies were once highly regarded for their earning potential. They moved a generation of employees from the lower income to the middle income bracket. Sadly, the same cannot be said of employees joining today, who haven't even seen their comps increased since the pandemic. They seem to be getting forever stuck in the lower income trap.
Hiring has already drastically reduced since the pandemic recession and now there's the threat of AI. At the same time, record numbers of CSE students are graduating out of universities each year, who are increasingly struggling to find employment. The country's service industry which once formed the backbone for the middle class is in a very critical stage. The future doesn't look very bright honestly.