India tops global pay increases

Overall global raises will surpass inflation: Mercer
||Last Updated: 11/30/2007

Global salaries are expected to rise by an average of six per cent in 2008, 1.9 per cent above inflation, according to a study by Mercer.

Of the 62 countries surveyed, India will see some of the highest pay increases at 14.1 per cent, nearly 10 per cent above local inflation, reflecting its buoyant economic growth.

North America and most Western European countries will experience the lowest salary increases worldwide.