7th Pay Commission : Not just Central employees but others too will have pay hike
It will not just be the Central Government employees who would get a pay hike beyond the 7th Pay Commission. Overall salaries across the country is expected to increase by 10 per cent in 2018. Salaries are projected to increase by 10 per cent in India in 2018, the highest in the Asia Pacific region, according to a report. The highest projected salary rise is seen in the energy, FMCG and retail sectors. The report covered a range of industries, including BPO, chemicals, construction & engineering, consumer products & retail, financial services, high tech, manufacturing, media, pharmaceutical & health sciences, business and technical consulting and transportation and logistics. For this, a survey was conducted in July among 4,000 respondents in Asia Pacific, in which about 300 companies participated in the India market. This should bring some cheer to the Central Government employees who have been waiting for good news after the 7th Pay Commission let them down badly.