Econintersect: Corporations in India will pay to retain talent in 2011 (financial year 2012). Estimates are that pay hikes will generally fall in the 10% to 15% range. The higher skills positions and leadership positions will benefit most. These increases will be less than the nominal GDP growth expected in the coming year, which GEI News has reported to be 18% to 20% and above overall inflation which has been estimated to be about 7% in the current quarter, also reported by GEI News.The average pay hikes may be in the lower part of the headline range. From The Times of India:
Sources: The Times of India and GEI News here and here.
