Challenges remain and they will require some out-of-the-box ideas to propel growth rates.
India's expected pay increase for the coming year is the biggest in Asia-Pacific, as optimism returns over stronger business outlook in coming months
The survey also highlighted that a double-digit increment is expected from 25% of companies for the year 2022.
Most importantly the study said that half of India's workforce wants to go back to office full time as it makes them feel more productive
To fight the challenges posed by the second wave of Covid-19, over 57% of CSR initiatives were introduced for direct beneficiaries and Covid victims.
Though the resilience of corporates is encouraging, the adverse effect of pressure on employee cost is a cause for concern
India Inc is firmly on the path to recovery, with most firms projecting salary hikes back to FY 2019 levels by FY 2022
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.