Average Annual Salary Increase 2024. Average salary hike in 2024 by india inc would be 9.5%, according to hr solutions firm aon's latest survey on salaries in india. Payscale’s 2024 compensation best practices report, released in march, predicted a higher average base pay increase of 4.5% in 2024.

This is lower than the 9.7%. Slight dip in increase rate due to.