What Is The Average Salary Increase For 2024 In India
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What Is The Average Salary Increase For 2024 In India. According to the india compensation survey by management consulting firm korn ferry, indian firms are projected to offer a median salary increment of 9.7 per cent in 2024,. India inc is expected to raise employee salaries by 9.8% in 2024, up from actuals of 9.2% in 2023, with the manufacturing and life sciences sectors likely to pay out the highest.
In the union budget of 2024, the union minister of india announced a 50% increase in the average real income of indians compared to the previous year. The average salary increase in india is likely to be 10% in 2023, up from an actual increase of 9.8% in 2022, the latest wtw salary budget planning survey has revealed.
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