Employees in India will see bigger pay rises next fiscal year as firms expect to emerge from lockdowns and the supply of applicants lags demand, according to recruiters. Consumer prices have risen again during the pandemic, but have been mainly attributed to short-term supply issues. The forecasts are focused on the organized labor sector, which accounts for less than 20% of the workforce. The e-commerce, pharmaceutical, information technology and financial services sectors are predicted to offer relatively larger salary hikes in India, while retail, aerospace, hotels and hospitality will be laggards. Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint July 23, 2021 05:03 UTC