In 2024, the salary increase across India was 9.5 percent, a slight decline since last year. The salary increase in India was the highest among the Asia-Pacific countries. The salary growth is expected to stay the same in 2025 at 9.5 percent.
Sectors driving growth
Sectors like Pharmaceuticals, manufacturing, insurance, captives, and SSO are projecting above the general industry salary median for 2025. With its highly skilled talent pool, India’s global capability centers (GCCs) are driving the projected salary increases.
Outlook
The projected increase in salary in 2025 is expected to be similar to 2024. Cost management, inflation, fear of recession, and a tighter labor market are some factors leading to 2025 projections. 2023 witnessed the highest salary increase during the recorded period, with a 10 percent growth.
Increase in salaries in India from 2021 to 2024, with an estimate for 2025
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Willis Towers Watson. (October 15, 2024). Increase in salaries in India from 2021 to 2024, with an estimate for 2025 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1284723/india-salary-increase/
Willis Towers Watson. "Increase in salaries in India from 2021 to 2024, with an estimate for 2025." Chart. October 15, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1284723/india-salary-increase/
Willis Towers Watson. (2024). Increase in salaries in India from 2021 to 2024, with an estimate for 2025. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1284723/india-salary-increase/
Willis Towers Watson. "Increase in Salaries in India from 2021 to 2024, with An Estimate for 2025." Statista, Statista Inc., 15 Oct 2024, https://www.statista.com/statistics/1284723/india-salary-increase/
Willis Towers Watson, Increase in salaries in India from 2021 to 2024, with an estimate for 2025 Statista, https://www.statista.com/statistics/1284723/india-salary-increase/ (last visited December 30, 2024)
Increase in salaries in India from 2021 to 2024, with an estimate for 2025 [Graph], Willis Towers Watson, October 15, 2024. [Online]. Available: https://www.statista.com/statistics/1284723/india-salary-increase/
