New labour code will shrink your next increment

agency PTI reported, citing data from the Confederation of All India Traders (Cait).

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The projected hikes often fluctuate in response to market dynamics. For instance, Aon had estimated a hike of 9.2% for 2025 earlier, but its recent study of over 1,060 firms showed that the actual increase was 8.9% on average. That was the lowest hike in 15 years, barring the 6.1% increase in pandemic-hit 2020. However, real wage growth, adjusted for inflation, has shown improvement over the previous years. 2026 may not be better.