India’s consumption story has now gone in reverse swing, says Congress

India’s consumption story has now gone in reverse swing, says Congress

Congress has said stagnant wages, high inflation and growing economic inequality in the past 10 years have made India’s consumption story go in a reverse swing. Maintaining that this low consumption rate has made “a leading CEO” lament that the Indian middle class “is shrinking”, Congress warned that without adequate growth in consumption, India’s private … Read more

Salary hikes likely to remain flat this year

Salary hikes likely to remain flat this year

New Delhi: India Inc is likely to give employees an average salary hike of 9.5% in 2024, marginally lower than 9.7% in 2023, according to Aon, a global professional services firm. Three in four companies are likely to give a pay increase of more than 9% this year, according to Aon’s projections based on data … Read more