India to see higher salaries as firms look beyond coronavirus hit

Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus

Employees in India will see bigger pay rises next fiscal year as firms expect to emerge from lockdowns and the supply of applicants lags demand, according to recruiters.

Paychecks could rise about 8 per cent in the financial year starting April 2022, especially if authorities avert a third wave of the virus, according to Michael Page and Aon Plc. That’s higher than the 6 per cent-8 per cent surveys predicted for the current year.

India has historically always reported Asia’s highest increases -- and is expected to do so for at least the next two years -- but the magnitude has