IT salaries rise 12-37% since FY21, linked to business growth

Quick Summary:

Indian IT firms like Infosys and Wipro have seen median salary growth of around 30% since FY21, reaching approximately Rs 10 lakh.

Global companies Cognizant and Accenture experienced increases of 12% and 17.5% respectively.

However, growth rates have generally declined across the industry, influenced by factors like competitive intensity and inflation.

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Article Details

Author / Journalist: Veena Mani

Category: EconomyBusiness

Markets: India

Topics: IT firms salary hike 2024 Tech Mahindra salary statistics Wipro compensation growth Accenture employee remuneration FY21 salary analysis IT Infosys salary increase Median salary growth IT sector Cognizant salary trends

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 03:16:05 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28750664

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 44 posts per day

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