According to a study released by ' Monster Salary Index' (MSI), men earned a median gross hourly salary of Rs 231, compared to women, who earned only Rs 184.8.
"The gap has narrowed by about five percentage points from 24.8 % in 2016", said the latest Monster Salary Index data.
"You have said that you will "sort" the gender pay gap by 2020, but the BBC has known about the pay disparity for years". However, the good news ends here.
At around 14%, the pay gap also means that Irish women work for free for around one month of every year, she estimates.
Abhijeet Mukherjee, CEO, Monster.com - APAC and Gulf, said: "Let's not get carried away with the narrowing gender pay gap revealed by the 2017 MSI because the gender pay gap in India widens as one gains work experience. Men with 11 and more years of experience earned 25 percent higher median wages than women".
"Despite passing equal pay legislation in Ireland more than 40 years ago, in 1974, women have still not achieved anything close to pay parity with our male colleagues", said the Senator yesterday. "Companies publishing information on their gender pay gaps is a small step in the right direction, but it's nowhere near enough".
The data shows that gender equality policies are abundant and widespread, with 64 per cent of Indian businesses adopting equal pay for men and women performing the same roles, and 55 per cent implementing non-discrimination policies for recruitment.
This index was complimented with the findings from the second annual survey titled Women of India Inc. also undertaken by Monster.com, it said. Also, 40% of women felt men simply did not know what to do or say.
"The bright side is that 44 % men confirm that they can be effective advocates for gender initiative programs at workplace".
In a bid to attract and retain women employees, India Inc is willing to go an extra mile and has adopted initiatives including maternity benefit, cab facility, sabbatical leave policy, flexi-work policy to improve diversity at workplace.