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Indian Salaries to Grow 12%

Industry-wise, the biggest salary increase this year, of 13.3%, is expected to come in the pharmaceuticals industry

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Indian Salaries to Grow 12%

Indian companies plan to boost staff salaries by an average of around 12% this year, according to a survey by human-resource consulting firm Aon Hewitt.

India’s economy is expected to grow at around 6.9% for the year ending March 31, the slowest expansion in three years.

The Aon survey found that salary increases for “critical talent,” such as scientists, engineers and credit and risk managers, is expected to be higher, at an average of 15.1%.

Industry-wise, the biggest salary increase this year, of 13.3%, is expected to come in the pharmaceuticals industry, followed by engineering, infrastructure and consumer goods.

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Odds & Ends | March 2012

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