A total of 294 corporate firms were upgraded by rating agencies and 221 were downgraded in the second half of the previous fiscal.
Around 50% of the jobs are expected to be generated in the states of Maharashtra, Telangana, Tamil Nadu and Karnataka.
The experts believed that the higher increments are attributed to the overall economy doing better.
Top executives of many companies saw their average salaries increasing by 13% in the pandemic-ravaged year.
