Compared with Western economies we are considered ‘Underdeveloped’ or ‘Developing’ economies. However in India few industries have completely ‘emerged’ and have come to parity with Developed Economies. Salaries/ income in these industries (if you remove the top one percentile) are at par with Western economies.  These industries are: 1.        Entertainment Industry : Film Stars, Actors, Music directors, singers, TV and Media, Satellite rights .........etc. 2.        Financial / Banking : Especially in private investment banks. 3.        Sports: Especially Cricket