ECA's Salary Trends Survey is based on information gathered from over 360 MNCs in 68 countries and cities.

New Delhi.

In India, the salary of employed people may increase by 4.6% in the year 2023.

According to a new survey, there are signs of an increase in salaries in 2023 due to lower inflation.

According to the survey, 37% of countries globally are expected to have a real-term wage increase.

At the same time, the salary of employed people in India is expected to increase by 4.6 percent next year.

Workforce consultancy ECA International has conducted this survey.

According to this, the most affected area will be Europe.

Where the actual wage- marginal wage increase is seeing an average fall of 1.5% in the rate of inflation.

This year, UK workers suffered the biggest loss since the survey began in 2000.

In the UK, the real wage level fell by 5.6% due to inflation at 9.1%, despite an average nominal wage increase of 3.5%.

In the year 2023, the salary of employed people in Britain may fall by another 4%.

According to the survey, the US is expected to see a real decline of 4.5% against falling inflation this year, indicating a 1% real wage increase.

At the same time, 8 Asian countries have made it to the list of top 10 countries with increasing salary.

The first place in this belongs to India.

Vietnam is second with 4.0% salary increase and China is third with 3.8% salary increase.

It is followed by Brazil (3.4%), Saudi Arabia (2.3%).

Lee Quan, ECA International's Regional Director for Asia, said: "Our survey indicates another difficult year for workers globally in 2023. Only a third of the countries surveyed are projected to see real wage growth . Although this year is better than 2022."

The ECA's Salary Trend Survey is based on information gathered from over 360 MNCs in 68 countries and cities.

10 countries with projected real wage growth in 2023:

1. India (4.6%)

2. Vietnam (4.0%)

3. China (3.8%)

4. Brazil (3.4%)

5. Saudi Arabia (2.3%)

6. Malaysia (2.2%)

7. Cambodia (2.2%)

8. Thailand (2.2%)

9. Oman (2.0%)

10. Russia (1.9%)

Salary will decrease in these countries

1. Pakistan (-9.9%)

2. Ghana (-11.9%)

3. Turkey (-14.4%)

4. Sri Lanka (-20.5%

5.Argentina (-26.1%)

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