India's Salaries to Surge by 9.5% by 2025, Survey Reveals

Salaries in India are expected to rise by 9.5% in 2025, driven by a positive business outlook. Key sectors like engineering, manufacturing, and retail could see double-digit increases. Attrition rates are declining, providing firms an opportunity to focus on internal talent development and enhance long-term productivity.

In a promising development for India's workforce, salaries are projected to rise by 9.5% in 2025, spurred by a positive outlook in various sectors, according to a recent survey released on Thursday.

The annual survey from Aon plc outlines that sectors such as engineering, manufacturing, and retail may witness substantial salary hikes of up to 10%, reflecting the critical value employers place on talent amid today's economic climate.

While the tech sector began the year cautiously, optimistic salary increments are expected, particularly in global capability centers. Meanwhile, a noted decline in attrition presents an opportunity for businesses to prioritize internal talent growth and reduce hiring costs.