21 Feb '12, 12pm

Indian salaries to rise 12%, fastest in Asia

MUMBAI (AP) - Consulting firm Aon Hewitt says Indian salaries will rise 12 per cent this year, the largest jump among Asian nations for the tenth year in a row. The rise reflects India's resilient economic growth. Aon Hewitt says global economic headwinds will likely shave just 0.3 to 2 percentage points off last year's pace of wage growth. But rising salaries also reflect the fact that just 15 per cent of India's teeming working age population is employable in the private sector. If more Indians could enter the skilled work force, wage rises would be more muted, Aon Hewitt says.

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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