India Inc. Salaries Projected to Rise by 9% by 2026: Real Estate and NBFCs Lead the Way
India's salaries are expected to see a 9% increase by 2026, driven by robust consumption, investment, and policy support. The real estate and NBFC sectors are leading the charge.
Salary HikeReal EstateNbfcIndian EconomyAttrition RateReal Estate NewsOct 07, 2025
According to the agency report, AON's Annual Salary Increase and Turnover Survey 2024-25 is based on input from 1,060 organizations across 45 industries nationwide.
Among the key sectors in the Indian economy, the real estate/infrastructure industry is projected to witness a 10.9% rise in salaries, and non-banking financial companies (NBFC) employees are also expected to see a 10% salary hike in 2026.
The survey also showed that other sectors, such as automotive or vehicle manufacturing, are expected to witness 9.6% salary growth, followed by engineering design services at a 9.7% increase, the retail industry at 9.6%, and the life sciences at 9.6%.
“India's growth story remains strong, supported by infrastructure investments and policy measures. Our survey shows that key sectors like real estate and NBFCs are leading the way in talent investment and businesses are taking a strategic approach to compensation to ensure sustainable growth and workforce stability, even amid global uncertainty,” Roopank Chaudhary, partner and rewards consulting leader, Talent Solutions for India at Aon, told PTI.
According to the agency report, the survey also revealed that the overall attrition rate in India has dropped to 17.1% in 2025 so far, down from 17.7% in 2024. The attrition levels were at 18.7% in 2023.
The survey cited that the gradual decline in the attrition rate has been driven by a more stable talent landscape, with organizations experiencing improved employee retention.
As the employees working in India Inc. become more settled, the company is getting into better positions to invest in targeted upskilling and development programmes, which can help people build a resilient talent pipeline and prepare for future business needs.
Frequently Asked Questions
What is the projected salary increase for India Inc. by 2026?
India Inc. salaries are expected to rise by 9% by 2026, according to AON's Annual Salary Increase and Turnover Survey 2024-25.
Which sectors are leading in salary hikes?
The real estate/infrastructure industry and non-banking financial companies (NBFC) are leading the way with projected salary increases of 10.9% and 10%, respectively.
How has the attrition rate in India changed?
The overall attrition rate in India has dropped to 17.1% in 2025, down from 17.7% in 2024.
What factors are driving the salary hikes in India?
The salary hikes are driven by resilient consumption, investment, and policy support in the nation, despite global economic growth uncertainties.
What is the significance of the decline in attrition rates?
The decline in attrition rates indicates a more stable talent landscape and improved employee retention, allowing companies to invest in upskilling and development programs.
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