Corporate India is expected to witness salary increments ranging between 8.6 per cent and 10.2 per cent in the financial year 2026–27, driven by sustained demand for skilled and execution-focused talent,
according to a report released by TeamLease Services on Tuesday. The “Jobs and Salaries Primer 2026–27” indicates that industries such as electric vehicles (EV) and EV infrastructure, fintech, healthcare, and pharmaceuticals will be leading the trend.
The report, based on inputs from 1,268 businesses across 23 industries and 20 cities, projects that EV and EV infrastructure sectors will see the highest increments, ranging between 9.6 per cent and 10.2 per cent, according to PTI.
Electrical Engineers To Benefit The Most
Among job roles, electrical engineers are expected to receive the highest hikes at 11.2 per cent, followed by quality control inspectors (10.9 per cent), IT support executives (10.3 per cent), and both quality assurance engineers and site engineers (10.2 per cent each).
Industries categorised under sustainable growth — including automotive, retail, insurance, and business process outsourcing (BPO) — are likely to record salary increases between 8.9 per cent and 9.5 per cent. Within these sectors, project engineers are projected to see hikes of 10.7 per cent, while EHS officers, IT support executives, and relationship executives may receive increments of around 10.1 per cent.
Meanwhile, more moderate growth is expected in sectors such as banking, construction and real estate, telecommunications, and textiles, where salary increases are estimated between 8.6 per cent and 8.8 per cent. However, certain roles in these industries continue to outperform, including site engineers (9.8 per cent), telecallers (9.7 per cent), and IT support executives and financial reconciliation analysts (9.5 per cent each).
Across functions, the strongest salary momentum is observed in sales and marketing, engineering, and information technology. In the IT sector, associate software engineers are expected to see salary growth of 9.7 per cent, while IT support roles remain in steady demand across industries, highlighting their importance in enterprise digital transformation.
Chennai To Lead City-Wise Salary Hike
Geographically, Chennai is projected to lead salary growth with an average increment of 9.7 per cent, followed by Pune and Hyderabad at 9.6 per cent each, and Ahmedabad at 9.5 per cent. Emerging cities such as Visakhapatnam (9.5 per cent) and Nagpur (9.4 per cent) are also gaining traction due to expanding manufacturing activity and industrial corridor development.
In contrast, cities such as Surat (8.4 per cent, down from 8.9 per cent), Chandigarh (8.5 per cent, down from 9.9 per cent), and Lucknow (8.7 per cent, down from 9.1 per cent) are expected to witness relatively lower salary growth compared to the previous year.
Overall, while salary growth remains moderate, the report highlights a clear shift toward specialised skills and high-growth sectors as key drivers of higher compensation in India’s evolving job market.
