Katya Naidu19 Feb 2024, 12:56
The age of sharp salary hikes seems to be over. India’s top 500 listed private companies’ wage growth has moderated to 9% year on year in the third quarter of FY24. Including public sector enterprises, BSE500’s wage inflation slowed to 11%. In the same quarter last year, it was at 20%, says a report by Nuvama Institutional Equities.