How much Indian IT engineers earn? Industry veteran tweets salaries are too high, sparks debate

How are the salaries for Indian IT engineers? Probably too high, tweets an industry veteran as he says that employees now prefer cash to stock options and often switch jobs frequently.

There is a saying - never ask a man his salary. But how about revealing it on Twitter. Deepak Abbot, an industry veteran and founder of India Gold, which allows users to get loans against gold through an app, has recently sparked a debate about the salaries of Indian IT engineers with a tweet. In his tweet, which has attracted reactions from several groups of people, Abbot says that it is getting difficult to hire and retain good Indian IT engineers because the salaries are now too high and job offers plenty. In his tweet, Abbot also says that this situation has made it difficult for startups to hire Indian IT engineers because unlike earlier when engineers could be attracted to a job and retained through stock options (ESOPs) now they prefer cash and often hop jobs to get salary increase in a short time.