Motorists have been advised to drive carefully and abide by traffic rules and regulations
The sharpest drop in pay hikes was projected in the auto sector, reflecting its stressed situation.
The e-commerce sector was seen giving double-digit pay hikes - among the highest across 20 sectors - surveyed by human resource consultancy firm Aon Plc.
"The vehicle manufacturing industry reported the biggest drop, from 10.1 per cent in 2018 to 8.3 per cent for 2020," the survey showed.
As per the survey results, companies in India gave an average pay increase of 9.3 per cent during 2019, reflecting a slowdown in the economy as compared to 2018.
"The projection for 2020 is down by 20 basis points to 9.1 per cent. However, despite the dip in the projections, two out of five participating companies in the survey are projecting a double-digit increase, expecting a positive economic outlook," the report said.
India Inc's pay hikes, however, stand higher than that of its Asian peers. Aon says that the Chinese companies are expected to offer 6.3 per cent hike, the Philippines 5.8 per cent, Malaysia 5.3 per cent, Singapore 3.8 per cent, Australia 3.1 per cent and Japan 2.4 per cent.
The survey, which has analysed data from over 1,000 firms in 20 sectors, says that start-ups, e-commerce services and pharma firms will be the top paymasters in 2020.
The e-commerce and start-up firms are set to offer 10 per cent average hike, same as by professional services, while pharma and IT companies are likely to hike salaries by 9.9 per cent and 9.6 per cent, respectively.
Motorists have been advised to drive carefully and abide by traffic rules and regulations
Right education methodologies at the grass root level, exposes students to technologies that will impact them in their growing years
Innovation, digital transformation will pave the way for more large-scale crypto deals in future
Financial sector will continue to play a pivotal role in accelerating the UAE’s gross domestic product by attracting foreign investment and offering promising business opportunities to investors
The market, which is expected to post over Dh100 billion in sales through more than 30,000 transactions in first quarter, will sustain steady increase in transactions and prices throughout the year
She was shopping in Hong Kong, where she was on vacation with her family, when someone spotted her and asked if she'd like to become a model.
After the October 7 attacks, Israel imposed a complete siege on Gaza, blocking food, water and medicine, before eventually allowing some deliveries
The event highlighted Hilton's innovative ‘Green Ramadan’ initiative and its commitment to sustainable hospitality in Hilton