Salary Hikes in India: Real Estate and Pharma Lead the Way in 2026
This industry gives the highest salary hike: Not IT, Real Estate; Check what's driving salary success in 2026
The Economic Times
Image: The Economic Times
In 2026, average salary increments in India are projected to reach 9.1%, with the pharmaceutical and life sciences sector leading at nearly 10%. Despite a stable macroeconomic environment, the technology sector is adopting a cautious approach, reducing increments. Companies are focusing on productivity and skills development amidst a competitive labor market.
- 01Average salary hikes in India are expected to be 9.1% in 2026.
- 02The pharmaceutical and life sciences sector leads with increments close to 10%.
- 03The technology sector is reducing salary increment projections by 10-70 basis points.
- 04Promotion rates increased from 12% in 2024 to 14% in 2025.
- 05Companies are shifting towards skills-based hiring and competency frameworks.
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According to Deloitte India's Talent Outlook 2026, average salary increments in India are projected to reach 9.1%, a slight increase from 9.0% in 2025. The pharmaceutical and life sciences sector is at the forefront, offering salary hikes close to 10%, while manufacturing and financial services also see higher increments due to robust hiring demands. In contrast, the technology sector is adopting a more cautious approach, with salary increments being reduced by 10-70 basis points compared to the previous year. Despite a decline in the share of employees receiving top performance ratings from 10% in 2024 to 7% in 2025, promotion rates have risen from 12% to 14%, indicating a focus on future potential rather than just current performance. Additionally, organizations are increasingly implementing skills-based hiring practices and competency frameworks to enhance talent development.
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The projected salary increments and shifts in hiring practices will influence job seekers and employees across various sectors, particularly in pharmaceuticals and technology. This could affect the financial planning of employees and their career development paths.
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