The Indian manufacturing sector is witnessing significant growth and contributing substantially to the country s economic development. With various government initiatives in place, it s expected to create numerous job opportunities.
Employees in the automobile, manufacturing & engineering and life sciences in India are projected to see the highest salary increment increases, highlighting the competitive nature of these sectors.
According to HR solution firm Aon’s Annual Salary Increase and Turnover Survey 2023-2024 for India, here's the salary hike calculation for the new year.