<ul><li>Indian IT firms are facing challenges in providing salary hikes this year due to a softer business environment.</li><li>According to a TOI report, Infosys and HCLTech are not implementing raises, while TCS is giving an average hike of 6-8%, with higher increases for top performers.</li><li>Wipro and Tech Mahindra are deferring salary increases due to reduced revenue and macroeconomic uncertainties.</li><li>Wage hikes vary based on company performance, industry demand, and economic conditions, with expectations of higher hikes by early 2024 due to the AI revolution and improved economic outlook.</li></ul>

Indian techies may be in for a long wait as IT firms defer hikes

Discover more