Well, believe it or not, but that's the wage that built Gandhinagar. (Note that due to inflation, that would be the equivalent of about rs.250/month today). Perhaps on paper the workers were making quite a bit more, but this was then "deducted" for their nominal food, housing, etc. In any case rs.150/month was their actual take-home pay. I couldn't believe it either, and triple-checked to be sure.
India has come a long ways since then. Although the working conditions on construction sites are still far from good enough, I don't see children on them anymore, and those same workers would probably be taking home rs.5000/month today -- maybe rs.3000/month in places where contractors are more brazen about skirting the law. In any case: much better.