Average Salary Increase For 2024. Employers are planning for 3.5%. India inc is set to see a 9.6% salary increase on average in 2024, similar to the actual increase last year, according to the second edition of ey ‘future of pay 2024’ report.

Compensation software and data company. 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 average increments of.