New Delhi: According to a new report by TeamLease Services, employees throughout Corporate India are likely to see robust pay raises in FY27, with salary hikes estimated to range from 8.6 percent to 10.2 percent.
The report, titled Jobs and Salaries Primer 2026-27, draws on information provided by 1,268 companies spanning 23 industries and 20 cities in India.The research indicates that organizations are still recognizing and compensating skilled professionals as they prioritize growth, operational execution, and digital transformation.
EV, FinTech And Healthcare To Lead
The most significant salary increases are anticipated in rapidly expanding industries, including electric vehicles (EVs), EV infrastructure, financial technology (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 noted that pay increases are increasingly driven by specific industries, with specialised expertise having a greater influence on compensation decisions.
Engineers And IT Professionals In Demand
A number of technical and operational positions are projected to receive higher-than-average salary increases.Electrical Engineers are projected to receive increments of 11.2 percent, the highest among major job roles.
Quality Control Inspectors could experience salary increases of 10.9 percent, whereas IT Support Executives are projected to receive raises 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
Sectors including automotive, retail, insurance, and BPO are projected to grant salary increases ranging from 8.9 percent to 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.
Although overall growth has slowed, roles like Project Engineers, Site Engineers, and Financial Reconciliation Analysts are still experiencing strong demand.
Chennai, Pune And Hyderabad Lead Cities
Among all cities, Chennai is projected to see the highest average salary increase 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 rapidly developing into a major employment center, with projected 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.
