Statsguru: Silver lining for salaries in 2022 as business outlook improves

India still has a lot of ground to cover, since only 12.48 per cent of the country's population is fully vaccinated

Given how the economy is heading back to recovery, salaries are expected to increase as well.

However, Aon’s 26th annual survey of Indian industries shows that white-collar workers may do much better in the coming year. Salary increments for employees in 38 sectors are expected to be 9.4 per cent in 2022, higher than the 2019 raise that India Inc employees received (chart 1).

While India is still to breach the double-digit increment figure — between 2011 and 2016, salaries were growing higher than 10 per cent — the business outlook is rapidly improving. In all, 61.9 per cent of