Salary increase in India 2023, by sector
The salary increases are expected to decline across most sectors in 2023. The e-commerce industry offers the highest increase in salaries in India at 12.5 percent. It is followed by the IT sector which has consistently been the highest salary payer. Salary hikes in the sector are expected to be 10.8 percent down from over 11.6 percent in 2022. Real estate, transport and logistics, and FMCG sectors are expected to have salary increases in 2023 as compared to 2022.