Salaries in India are expected to grow by 9.5 per cent in 2025. This estimate was made in a survey on Thursday, in which the reason for this is said to be positive signals in many sectors.

According to the '30th Annual Salary Increase and Turnover Survey 2024 & 2025' by global professional services firm Aon PLC, total salaries are projected to increase by an average of 9.5 per cent in 2025, compared to 9.3 per cent in 2024.

Hike can be found in these sectors

Engineering and manufacturing and retail sectors may see a salary increase of 10 percent. Whereas in financial institutions it may be 9.9 percent. This reflects the strategic importance given to talent by employers in the current economic scenario.

Though the year started on a cautious note for the technology sector, global capability centres and technology products and platforms expect salary growth of 9.9 per cent and 9.3 per cent, respectively, while technology consulting services have forecast salary growth at a lower level of 8.1 per cent.

Growth despite challenges

Rupank Choudhary, Aon Partner and Head of Reward Solutions in India, said, “Despite the global economic challenges, our study indicates a positive business outlook across many sectors in India. This sentiment continues across many domestically driven sectors, which is evident from the projected salary increases in the manufacturing, life sciences and retail industries.”