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Q.

India Inc may raise salaries in 2010 by 10% ---report. Does it signify optimism about the economic revival in the country?

Asked by Good Citizen, 05 Mar '10 11:27 am
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Answers (3)

1.

Yes, this year seems to be promising for corporate employees with HR consultancy firm Hewitt Associates projecting that employers are set to dole out highest salary hikes this year in the entire Asia-Pacific region at 10.6% on the back of strong economic recovery and buoyant business sentiment.

Whats more, the homegrown companies are expected to be more benevolent in announcing increments compared to their multinational counterparts. The hikes given out by MNCs may be bogged down by weaker recovery back home and gloomy business sentiments. This is at a time when salary hikes in other economies of the Asia-Pacific region such as China, Japan, Singapore, Australia and Thailand could be restricted in the range of 2.1 to 6.7 %!!
Answered by dharamender nebhnani, 06 Mar '10 01:34 am

 
  
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2.

That is right. Budget has given a clear indication that it is growth oriented and optimistic of logging at 9-10% GDP growth. Government spending on infrastructure, urban development, agriculture export push etc is seen as the signs of economic recovery even though the stimulus package has been partially withdrawn. Moreover, India Inc. has been innovative of late in tune with the rest of the world in trying to be lean and mean during crunch time. They would cut the salaries when the orders are dwindling and hike when they need extra hands.
Answered by Tony Fernandez, 05 Mar '10 01:06 pm

 
  
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3.

Looking at the Budget n the steps to reduce deficit,I think India would be a growth story going forward.So,economic revival is visiable.
Answered by Damodar Biswal, 05 Mar '10 11:32 am

 
  
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