Iqbal Singh estimated that if Indian employees are hired for the same roles, companies would have to pay only 10 to 15 percent of the salaries that they pay Australian workers.
Australian workers face Indian assault macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
A multi-millionaire investor has warned Australians working from home they can be easily replaced by Indian employees for just 10 per cent of the cost.
Australian enterprises are increasingly turning their attention to India, the world's fastest-growing major economy, in pursuit of substantial investments.