1.2X–1.4X is the ratio between salary increases and GDP growth rates in major economies of the world
As per the 22nd Edition of Aon India's Salary Increase Survey, companies in India gave an average pay increase of 9.3 percent during 2017, marking a departure from the double digit increments given by organisations since the inception of this study.
The projections for 2018 are also expected to be similar at 9.4 percent, highlighting increasing prudence and maturity being displayed by companies while finalising pay budgets.
(This story appears in the 30 March, 2018 issue of Forbes India. To visit our Archives, click here.)