Pay Hikes In India To Fall To Decade Low In 2020

A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year and even the real estate and transport sector — the top national job generators — will witness lowest pay hikes in 2020.The sharpest drop in pay hikes was projected in the auto sector, reflecting its stress; e-commerce sector was seen giving a double-digit pay hike — among the highest across 20 sectors — surveyed by on Plc, a human resource consultancy firm .”The vehicle manufacturing industry reported the biggest drop, from 10.1 per cent in 2018 to 8.3 per cent for 2020,” the survey showed.

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