India Inc.’s staff are broadly anticipated to obtain a major pay elevate this yr, probably going into double digits for the primary time in years, skilled forecasters have projected.
With inflationary pressures prone to settle down, this might spell a giant reduction for the economic system’s consumption patterns. India’s wage hikes might nicely exceed these in different nations.
Will the upcoming wage enhance be adequate to offset the looming financial dangers? Will this enhance additionally trickle right down to the agricultural sector as nicely, on condition that the agricultural economic system accounts for practically half of the nation’s earnings?
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Supply: Live Mint