India’s Salary Hikes Expected to Range from 8.6% to 10.2%; Which Companies Will Benefit Most?
The TeamLease Jobs and Salaries Primer report forecasts salary increments of 8.6% to 10.2% across various industries for FY26-27. While not all sectors will see double-digit hikes, professionals in electric vehicles, fintech, healthcare, and engineering are expected to benefit the most. Industries driven by expansion and infrastructure demand are projected to deliver the largest pay increases.
Salary Growth in Key Sectors
The report indicates that electric vehicles and their infrastructure, financial technology, healthcare, and pharmaceuticals will lead salary growth, with average increments between 9.6% and 10.2%. Technical and engineering roles are anticipated to experience the strongest salary growth. Electrical engineers are projected to see the highest increments at 11.2%, followed by quality control inspectors at 10.9%. IT Support Executives can expect a 10.3% increase, while Quality Assurance Engineers and Site Engineers are both likely to see salaries rise by 10.2%.
Chennai, Pune, Hyderabad, and Ahmedabad are highlighted as top cities for salary growth across sectors. The IT industry is particularly promising, with projected increments of 11.7% in Hyderabad, 11.5% in Chennai, and 11.3% in Pune.
Variations Across Industries
Not all industries will grow uniformly. Sectors categorized under “sustainable growth,” such as Automotive, Retail, Insurance, BPO, FMCG, Logistics, and E-commerce, are expected to see healthy increments ranging from 8.9% to 9.5%. Within these sectors, specific roles like IT Support Executives, Project Engineers, EHS Officers, Site Engineers, and Relationship Executives are projected to outperform average salary increases.
The report categorizes Banking, Construction and Real Estate, Telecommunications, and Textile under “gradual growth,” with salary increments expected between 8.6% and 8.8%. However, specialized roles such as Site Engineers and Telecallers are expected to see higher increments of 9.8% and 9.7%, respectively.
Employee Salary Gaps
The report also examines the disparity between permanent and temporary employees across sectors. It notes that tech and consumption industries show a smaller variance, indicating tighter parity between temp and permanent roles. Travel and Hospitality is projected to have the smallest salary gap at 4.2%, followed closely by power and energy at 4.3% and financial technologies at 4.8%. In contrast, manufacturing, engineering, and infrastructure are expected to have the widest salary variance at 11.4%, followed by Insurance at 9.9% and Banking at 9.8%.
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