IT sector may see cautious salary hikes amid economic headwinds: Experts

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IT sector may see cautious salary hikes amid economic headwinds: Experts - Business Standard

Quick Summary:

Salary increments in India's USD 250 billion IT services sector are projected to be moderate in fiscal year 2025, as companies navigate a complex landscape of global economic uncertainties, evolving skill demands, and the increasing adoption of artificial intelligence (AI), according to experts.

Industry experts predict an average wage increase of 4-8.5 per cent, a notable step down from previous years, signalling a shift towards more pragmatic compensation strategies.

"Industry players are looking at increments in the 4 per cent to 8.5 per cent range, which is lower than what we've seen in previous years.