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Mumbai: According to a recent report, salary hikes in Corporate India are anticipated to range from 8.6% to 10.2% this financial year, driven by a strong demand for skilled professionals and execution-focused roles.

The report from TeamLease Services, titled Jobs and Salaries Primer 2026-27, forecasts average salary increases of 8.6% to 10.2%, particularly in high-growth sectors such as Electric Vehicles (EV) and EV Infrastructure, FinTech, Healthcare, and Pharmaceuticals.

"The salary landscape in India for 2026-27 is evolving to become more specialized and execution-oriented. Increment trends are increasingly influenced by sector-specific growth and specialized skills. Additionally, compensation growth is expanding beyond traditional metropolitan areas," stated Balasubramanian A, Senior Vice President at TeamLease Services.

High-growth sectors, particularly those related to EV and EV Infrastructure, are expected to see salary increases between 9.6% and 10.2%, based on data collected from 1,268 businesses across 23 industries and 20 cities.

Specific roles are projected to see notable salary increments, with Electrical Engineers expected to receive an 11.2% increase, Quality Control Inspectors at 10.9%, IT Support Executives at 10.3%, and both Quality Assurance Engineers and Site Engineers at 10.2%.

Industries categorized under sustainable growth, such as Automotive, Retail, Insurance, and BPO, are likely to follow with increments ranging from 8.9% to 9.5%.

While overall growth remains moderate, certain positions are expected to exceed this range, including Project Engineers at 10.7%, and EHS Officers, IT Support Executives, and Relationship Executives at 10.1%.

A more conservative compensation trend is evident in gradually growing sectors like Banking, Construction and Real Estate, Telecommunications, and Textiles, where increments are estimated between 8.6% and 8.8%.

Within this cautious range, standout roles include Site Engineers at 9.8%, Telecallers at 9.7%, and IT Support Executives and Financial Reconciliation Analysts at 9.5% each.

The report indicates that growth momentum is particularly strong in Sales and Marketing, Engineering, and IT sectors.

In the IT sector, Associate Software Engineers are projected to see a growth of 9.7%, while IT Support Executives continue to be in high demand across Information Technology, Healthcare, and Pharmaceuticals, highlighting the significance of foundational digital roles in enterprise transformation.

At the city level, Chennai is expected to lead with a 9.7% increase, followed closely by Pune and Hyderabad at 9.6% each, and Ahmedabad at 9.5%.

Emerging cities like Visakhapatnam at 9.5% and Nagpur at 9.4% are also gaining ground, bolstered by manufacturing growth and the development of industrial corridors.

Conversely, cities such as Surat at 8.4% (down from 8.9%), Chandigarh at 8.5% (down from 9.9%), and Lucknow at 8.7% (down from 9.1%) are experiencing lower growth rates compared to the previous year.