India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes

The average salary hikes in India are expected to be 10.2 per cent in 2023, marginally lower than 10.4 per cent in 2022, EY said in its new report on Tuesday. The salary increases are expected to be lower in all job levels except blue-collar jobs.

The top three sectors expected to see the steepest salary hikes are e-commerce, professional services and information technology, EY said in its "Future of Pay 2023" report.

"The top three sectors with the biggest forecasted salary increases are tied to technology. E-commerce has the highest projected salary growth at 12.5 per cent, followed by