Bengaluru, June 9 (IANS). According to a new report, India may see an average salary increment of 8.6 percent to 10.2 percent in various industries during the financial year 2026-27. This growth is expected to be mainly due to the ever-increasing demand for skilled and result-oriented employees.
According to the latest report by TeamLease Services, salary growth in fast-growing industries is estimated to be between 9.6 percent to 10.2 percent. This mainly includes electric vehicles (EV) and EV infrastructure, fintech, healthcare and pharmaceuticals and power and energy sectors.
According to the report, salary increases are likely to be even higher for certain roles. The salary of electrical engineers may increase by 11.2 percent, quality control inspectors by 10.9 percent, IT support executives by 10.3 percent and the salary of quality assurance engineers and site engineers may increase by 10.2 percent.
The report, prepared on the basis of information collected from 1,268 companies across 23 industries and 20 cities, has identified Chennai, Pune, Hyderabad and Ahmedabad as India’s leading salary growth centres.
Wage growth in sustainable growth category industries, such as automobile, retail, insurance and BPO sectors, is likely to be between 8.9 per cent and 9.5 per cent.
Although the overall increase in these sectors will be relatively balanced, the salary increase in some specific positions may be higher. Project Engineers are expected to get an increment of 10.7 percent, while positions like EHS Officer, IT Support Executive and Relationship Executive are expected to get an increment of up to 10.1 percent.
Balasubramaniam A., Senior Vice President, TeamLease Services. Said that India’s salary landscape is becoming more diverse and performance-based in FY 2027. Now salary increases are no longer limited to big metros only, but are being decided on the basis of different regions and special skills.
He said that emerging cities are rapidly emerging as talent hubs due to industrial expansion, corporate investment and developing business environment.
According to the report, wage growth in industries like banking, construction and real estate, telecom and textile will remain relatively balanced. Salary increment in these areas is expected to be between 8.6 percent to 8.8 percent.
The report says that the pace of salary increase is most visible in work areas like sales and marketing, engineering and IT. Overall the Indian employment market is now rapidly moving towards role-specific skill and industry-based salary structure.
–IANS
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