This year—2020—saw the increments falling to 3.6% from 8.6% in 2019, according to Deloitte India Workforce and Increment Trends Survey. While it is not going to revive any time soon, companies are putting together new benefits including medical, insurance and infrastructure for setting up a home-office, etc.
source https://economictimes.indiatimes.com/jobs/golden-days-of-pay-hikes-at-least-two-years-away-say-compensation-experts/articleshow/78348477.cms
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