IT salaries rise 12-37% since FY21, linked to business growth

Indian IT firms like Infosys and Wipro have seen median salary growth of around 30% since FY21, reaching approximately Rs 10 lakh. Global companies Cognizant and Accenture experienced increases of 12% and 17.5% respectively. However, growth rates have generally declined across the industry, influenced by factors like competitive intensity and inflation. Indian IT firms like Infosys and Wipro have seen median salary growth of around 30% since FY21, reaching approximately Rs 10 lakh. Global companies Cognizant and Accenture experienced increases of 12% and 17.5% respectively. However, growth rates have generally declined across the industry, influenced by factors like competitive intensity and inflation.