There is great news for the employed people in India. In this financial year, due to good industrial growth, good investment climate and infrastructure development, the average increase in salary can be up to 9 percent. According to the Michael Page Salary Report 2022, the average salary in India will grow at a faster rate than the growth rate before the corona pandemic. The average increase in salary in 2019 was 7 per cent.
Startup companies will have more growth: The report said that the recently formed unicorns, startups and new-age business companies in the country will increase the salary of employees more rapidly to prevent the good talent in their place due to high growth. The report listed banking and financial services, property and construction as growth sectors.