Salary Increase 2024. The survey revealed that salaries in india are expected to increase by 9.5 percent in 2024, a slight drop compared to the actual increase of 9.7 percent in 2023, in response to. Salary increase budgets in 2023 reached their highest level in 20 years, new research shows, and employers are planning to stay fairly aggressive on pay going into next year.

Deloitte india projected that corporate executives in india may get an average salary increment of 9 per cent in 2024. Employers plan to raise compensation budgets in 2024 by 3.5% for merit increases and 3.9% for total.