Intro
India is expected to witness salary increments between 8.6 and 10.2 percent across industries in FY27.
Bengaluru
India is projected to record average salary increments ranging from 8.6 per cent to 10.2 percent in FY27, driven by sustained demand for skilled professionals and execution-focused talent, according to a report released on Tuesday.
The latest report by Team Lease Services indicates a stable yet differentiated compensation outlook across sectors. High-growth industries such as electric vehicles (EV) and EV infrastructure, Fin Tech, healthcare and pharmaceuticals, and power and energy are expected to offer salary hikes between 9.6 per cent and 10.2 per cent.
At the role level, Electrical Engineers are projected to receive the highest increment of 11.2 per cent, followed by Quality Control Inspectors at 10.9 per cent, IT Support Executives at 10.3 per cent, and both Quality Assurance Engineers and Site Engineers at 10.2 per cent.
The study, based on inputs from 1,268 businesses across 23 industries and 20 cities, identified Chennai, Pune, Hyderabad, and Ahmedabad as emerging salary growth hubs in the country.
Industries classified under the sustainable growth category, including automotive, retail, insurance, and business process outsourcing (BPO), are expected to witness salary increases ranging from 8.9 per cent to 9.5 per cent. Within these sectors, Project Engineers are likely to receive increments of 10.7 per cent, while EHS Officers, IT Support Executives, and Relationship Executives may see hikes of around 10.1 per cent.
Balasubramanian A, Senior Vice President at Team Lease Services, said salary trends are increasingly influenced by sector-specific growth and specialized skill requirements. He noted that compensation growth is no longer limited to traditional metropolitan centres, with emerging cities gaining prominence due to industrial expansion and growing enterprise investments.
The report also highlighted more moderate salary growth in banking, construction and real estate, telecommunications, and textiles, where increments are expected between 8.6 per cent and 8.8 per cent. Sales and marketing, engineering, and IT functions continue to show the strongest compensation momentum.
