Average Salary Increase For 2024. This is lower than the 9.7% increase in 2023. New delhi, november 1, 2023 — the median salary increase in india is forecasted to rise by 9.8% in 2024, close to the actual salary increase of 10% in 2023.

It found that posted wages grew 4.5% year over year in august. Though down from the actual increase of 4.4% in 2023, the number remains higher than the 3.1% salary increase budget in 2021 and years prior.