Indian professionals can expect salary increments of 8.6% to 10.2% in the upcoming fiscal year FY26-27, according to a new report from TeamLease Jobs and Salaries Primer. The projections reveal significant variation across sectors, with electric vehicles (EV), fintech, healthcare, and power and energy leading the pay gains.
Sector-wise Salary Growth
The report groups industries into three categories based on projected increments. The fastest-growing sectors — EV and EV infrastructure, financial technology (fintech), healthcare and pharmaceuticals, and power and energy — are expected to deliver average increments of 9.6% to 10.2%.
| Category | Sectors | Projected Increment Range |
|---|---|---|
| Leading Growth | EV & EV infrastructure, Fintech, Healthcare & Pharma, Power & Energy | 9.6% – 10.2% |
| Sustainable Growth | Automotive, Retail, Insurance, BPO, FMCG, Logistics, E-commerce | 8.9% – 9.5% |
| Gradual Growth | Banking, Construction & Real Estate, Telecommunications, Textile | 8.6% – 8.8% |
Within the sustainable growth group, certain roles are expected to outperform. The report notes that "despite moderate industry-wide hikes, select roles are seeing sharper increases, including IT Support Executives (10.1%), Project Engineers (10.7%), EHS Officers (10.1%), Site Engineers (10.1%), and Relationship Executives (10.1%)."
Top Performing Roles
Technical and engineering positions dominate the role-wise salary growth chart. Electrical engineers lead with projected increments of 11.2%, followed by quality control inspectors at 10.9% and IT Support Executives at 10.3%. Quality Assurance Engineers and Site Engineers are both expected to see 10.2% hikes.
"This trend shows sustained demand for engineering, technical support, and customer-facing roles that enable infrastructure execution and service delivery across core industries."
Even in the gradual growth sectors, specialized roles outpace the broader trend: Site Engineers are projected to receive a 9.8% hike and Telecallers 9.7%.
City-wise Trends
Among cities, Chennai, Pune, Hyderabad, and Ahmedabad stand out as leading destinations for salary growth across sectors. For the IT industry specifically, the highest projected increments are in Hyderabad (11.7%), followed by Chennai (11.5%) and Pune (11.3%).
Permanent vs. Temporary Wage Gaps
The report also examines the salary gap between permanent and temporary employees across industries. Travel and Hospitality has the smallest variance at 4.2%, followed by power and energy at 4.3% and financial technologies at 4.8%.
"Lower variance in tech and consumption industries signals tighter temp-perm parity, unlike regulated industries, where gaps remain pronounced."
In contrast, manufacturing, engineering and infrastructure records the widest gap at 11.4%, ahead of Insurance at 9.9% and Banking at 9.8%.
These projections underscore the diverging pay trajectories across sectors and roles, offering strategic cues for talent acquisition and retention in India's evolving job market.
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