India Inc Salary Hikes to Average 9.1% in 2027; NBFCs Lead
What Happened
According to Aon’s Annual Salary Increase and Turnover Survey (2026‑27), released on October 14, 2026, Indian companies are expected to raise salaries by an average of 9.1% in 2027, slightly higher than the 9% increase in 2026. Non‑banking financial companies (NBFCs) are projected to lead with 10.1% hikes, followed by energy (9.9%) and real estate/infrastructure (9.8%). The survey covered 1,200+ organizations across 45 industries. Attrition rose to 18% in 2026, reflecting intense competition for talent. Employers are also prioritizing AI adoption, upskilling, and Wage Code compliance, with talent premiums for AI, ML, and data science roles increasing by about 10% since 2025.
Key Takeaways
Salary growth in 2027 will be sector‑driven, with NBFCs and energy offering the highest hikes. Rising attrition and AI adoption are reshaping workforce strategies, making specialized skills more valuable than broad pay increases.