Pay hikes in India may go back to pre-Covid levels
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Companies are upbeat about the economy and consumer confidence as most see Covid-19 as being unlikely to have an impact on the business cycle this year.
Asian nations make up eight of the top 10 countries forecast to see real salaries rise, led by India, up 4.6%, Vietnam rising 4.0% and China up 3.8%. Brazil’s 3.4% increase and Saudi Arabia’s 2.3% bump round out the top five.
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