MNCs in India plan lower salary hikes for 2025 amid global economic uncertainties

economictimes.indiatimes.com

Multinational companies in India are planning flat to slightly lower salary hikes for 2025, reflecting global economic uncertainties. Average pay increases are projected at about 8.8%, down from 9% last year. Global Capability Centres (GCCs) are offering the highest increments at around 9.1%, but this is a slight decrease from the previous year. Other sectors, including technology and manufacturing, are seeing smaller increases or steady projections. The consumer industry is particularly cautious, with projected hikes of 8.3-8.5%. Overall, most companies are adjusting their salary projections downward as they prepare for the upcoming compensation cycle in January 2025.


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MNCs in India plan lower salary hikes for 2025 amid global economic uncertainties | News Minimalist