India Inc to see average salary increase of 9.4% this year, ecommerce to lead the way: EY report
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The financial services sector is seen to follow ecommerce closely, with projected salary increments of 10.3%, driven by demand for fintech specialists, digital banking experts and cybersecurity professionals.
Overall, India Inc is set to witness an average salary increase of 9.4% in 2025, a slight moderation from the 9.6% recorded in 2024, according to EY's Future of Pay report.
The report also highlights salary increments in global capability centres (GCCs), projected at 10.2% in 2025, up from 10.0% in 2024, as companies continue investing in digital transformation and automation.
However, IT and IT-enabled services sectors are experiencing a slowdown in salary growth, impacted by automation, cost optimisation and hiring slowdowns. IT sector salary increments are expected to decline from 9.8% in 2024 to 9.6% in 2025, while IT-enabled services will see a moderation from 9.2% to 9%, underscoring a strategic shift towards efficiency and leaner workforce structures. Meanwhile, automotive, pharmaceuticals and manufacturing sectors will continue to display steady compensation trends.
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