<ul><li>In 2023, India is projected to have the highest average salary hike in the Asia Pacific region at 10%.</li><li>A survey by WTW found that in 2022, India had an actual salary increase of 9.8%.</li><li>Historically, salary budgets in India have been higher than CPI-based inflation, and there is limited impact of inflation on salary budgets in India.</li><li>Despite tech layoffs, IT is projected to have the highest salary increase at 61.1% in 2023, followed by engineering and sales.</li></ul>

How much salary hike can Indians expect this year?

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