New Delhi: Employees across Corporate India can expect healthy salary increases in FY27, with hikes projected between 8.6 percent and 10.2 percent, according to a new report by TeamLease Services.
The report, titled Jobs and Salaries Primer 2026-27, is based on inputs from 1,268 companies across 23 industries and 20 Indian cities.
The study shows that companies are continuing to reward skilled professionals as businesses focus on growth, execution and digital transformation.
EV, FinTech And Healthcare To Lead
The highest salary growth is expected in fast-growing sectors such as electric vehicles (EV), EV infrastructure, FinTech, healthcare and pharmaceuticals.
These industries are likely to offer salary increments ranging from 9.6 percent to 10.2 percent, making them the top-paying sectors this year.
TeamLease Services Senior Vice President Balasubramanian A said salary growth is becoming more industry-specific, with specialised skills playing a bigger role in compensation decisions.
Engineers And IT Professionals In Demand
Several technical and operational roles are expected to receive above-average salary hikes.
Electrical Engineers are projected to receive increments of 11.2 percent, the highest among major job roles.
Quality Control Inspectors may see salary growth of 10.9 percent, while IT Support Executives are expected to get hikes of 10.3 percent.
Quality Assurance Engineers and Site Engineers are also likely to receive salary increases of around 10.2 percent.
Traditional Sectors Show Steady Growth
Industries such as automotive, retail, insurance and BPO are expected to offer salary hikes between 8.9 percent and 9.5 percent.
Meanwhile, banking, construction, real estate, telecommunications and textiles are projected to see more moderate increments of 8.6 percent to 8.8 percent.
Despite slower overall growth, some positions such as Project Engineers, Site Engineers and Financial Reconciliation Analysts continue to remain in strong demand.
Chennai, Pune And Hyderabad Lead Cities
Among cities, Chennai is expected to record the highest average salary hike at 9.7 percent.
Pune and Hyderabad follow closely at 9.6 percent, while Ahmedabad and Visakhapatnam are projected at 9.5 percent.
Nagpur is also emerging as a strong employment hub with expected salary growth of 9.4 percent.
However, salary growth is expected to slow in cities such as Surat, Chandigarh and Lucknow compared with the previous year.
