Average Salary Increase For 2024. Annual salary hike season in india sees average rise of 9.5%; India again shows the largest average salary increase budget in the survey, averaging 9.6% for 2024.

Indian companies expect to raise employee salaries by 9.8% in 2024, close to the 10% increase in 2023, making india the country with the highest salary hikes in asia. According to the india compensation survey by management consulting firm korn ferry, indian firms are projected to offer a median salary increment of 9.7 per cent.