Salaries in India may rise over 9% in 2020, real wages by 5%: Global report
Employees in India are expected to see a 9.2 percent salary growth in 2020, highest in Asia, but inflation may play a spoiler as real-wage salaries in the country are anticipated to be just 5 per cent, a report said on Monday. According to Korn Ferry Global Salary Forecast, India's salary growth for 2020 stood at 9.2 percent down from 10 percent last year, while real-wage after adjusting inflation may remain constant at 5 percent in 2020. The report added that India has emerged as the leader of salary growth projection in Asia. "India has posted a strong growth despite real wages taking a hit globally. With the current economic scenario and progressive reforms by the government, there is a sense of cautious optimism across sectors in India that continues to show high salary increments," Korn Ferry India Chairman and Regional Managing Director Navnit Singh said. As per the forecast, salaries are predicted to grow at a rate of around 4.9 percent globally in ...