India’s pharmaceutical industry is expected to outpace other sectors in employee pay hikes in 2025, according to the 2024 India Attrition and Salary Increase Study by Aon. The sector is projected to offer an average salary increase of 9.5%, the highest across industries, compared to the broader India Inc average of 9.4%.

This anticipated increase reflects the sector’s strong performance, resilience, and continued investment in talent. The study analyzed data from 1,414 companies across 45 industries, and highlights that the pharmaceutical industry continues to reward high performers while navigating a competitive talent landscape.

The report also suggests that as the industry continues to evolve with increasing innovation and global expansion, pharma companies are prioritizing strategic hiring and employee retention through compensation and career advancement opportunities.