Decoding the pandora’s box of pay hike in edtech

Pay hikes in 2023 in India are expected to be the highest globally, with real-term hikes (adjusted for inflation) likely to take place. Top increments are expected to be in the range of 15-30%, while the average hikes are expected to be around 9 -12% (according to varying sources). While this is the general average across industries, some industries are expected to perform better than others.