Salary Increment: Employed people will be overjoyed by these signs, confidence of a big increment in salary is increasing..
The month of March is about to come and with it, the wait for the employed is also ending. With the arrival of the new financial year, the employed person also starts waiting for his salary to increase. Private companies move forward on salary increments based on their earnings. Meanwhile, there is news that this year the earnings of companies can increase by up to 8 percent its effect will also be seen in salary increments and the employed can get more money.
Domestic rating agency ICRA said on Monday that due to improvements in rural demand and an increase in government spending, the revenue of Indian companies is expected to grow at a rate of seven to eight percent in the fourth quarter of the current financial year. ICRA expects that private capital expenditure will remain limited due to uncertainties regarding global political developments and pressure on commodity exports from India. Despite this, investment will continue to increase in some emerging sectors like electronics, and semiconductors, and some segments like electric vehicles (EV). Private investment will also be supported by various production-linked incentive programs of the Government of India.
Margins are constantly increasing.
The rating agency said that the operating profit margin (OPM) of Indian companies is showing improvement in the last quarter and it is likely to remain at 18.2-18.4 percent. Kinjal Shah, Senior Vice President and Co-Group Head, of ICRA, said, 'Rural demand is expected to remain better in the first half of the year 2025, which will be helped by a good Kharif crop and favorable estimates for the current Rabi season. Urban demand, which has been sluggish for the last few quarters, is also expected to improve.
Profits of IT companies will increase.
The revenue of the Information Technology (IT) sector is estimated to grow by 5.1 percent to $ 282.6 billion in FY 2024-25. At the 'Technology Leadership Forum' of IT organization NASSCOM, its president Rajesh Nambiar said on Monday that the industry's revenue is expected to cross US $ 300 billion in 2025-26, which is about six percent more than the level of FY 2024-25. According to NASSCOM estimates, the number of people employed in the technology sector increased by 1.26 lakh to 58 lakh this year.
How much does which sector earn?
The revenue of traditional IT services companies will grow by 4.3 percent to $ 137.1 billion in FY 2024-25, while the revenue of 'business process outsourcing' will grow by 4.7 percent to $ 54.6 billion. The revenue growth of engineering research and development companies is expected to grow at the highest rate of 7 percent and will be $ 55.6 billion. Domestic revenue of companies will grow by 7 percent to $58.2 billion, higher than the 4.6 percent rise in export revenue which is estimated at $224.4 billion.
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