India, March 19 -- India's information technology (IT) sector is expected to see flat salaries and slow recruiting in 2024, reflecting the impact of global problems on industry operations.

According to an analysis based on renowned hiring business data, IT companies are predicted to offer average salary appraisals ranging from 8.4% to 9% in 2024, consistent with the previous year's levels. However, these increases are likely to be delayed until the conclusion of the fiscal first quarter, which differs from the customary schedule of wage increases in April.

Salaries in the industry gradually increased from 8.8% in 2021 to 9.7% in 2022 before dropping off to 8.5-9.1% in 2023. Despite this, many large multinational corporations (MNCs) impl...