India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY
The average salary hikes in India are expected to be 10.2 per cent in 2023, marginally lower than 10.4 per cent in 2022, EY said in its new report on Tuesday. The salary increases are expected to be lower in all job levels except blue-collar jobs.
"The top three sectors with the biggest forecasted salary increases are tied to technology. E-commerce has the highest projected salary growth at 12.5 per cent, followed by professional services at 11.9 per cent, and information technology at 10.8 per cent," it said.