Mainly, I'm talking about Germany because that's where I have experience. A high level frontend salary here is 80k EUR per year. In Tax Class I, after taxes, you will get 46,849 EUR per year.

In India, the frontend salaries are currently 15-30 laks per year, in 2022, the salaries are expected to go up by 60-120%. taking 100% hike, the ceiling would be around 60 laks per year. That is 72k euros per year. After taxes, you would get 54,400 euros per year.

That's a higher salary than Germany, yet the cost of living in India is close to one third or one fourth of that in Germany.

I can also personally confirm from my friends in India that currently, there is a salary war going in between companies and the salaries are going insanely high. A friend already moved back to India from Amsterdam.

It's hard to believe. How is this even possible? Why would companies pay such high salaries in a low CoL country? And does it still make sense for Indian expats to be working in Western Europe?

Statistics Source: https://imgur.com/d2U8ADl

Indian founders expressing sadness because employee attrition is up: https://i.imgur.com/B5OMg1D.png