Indian companies are likely to keep raising salaries by about 15 per cent a year until 2011 as skills shortages overshadow concerns about higher input costs, according to Mercer, the consultancy.
In the past few months, shell-shocked air travellers emerging from Mumbai's domestic terminal 1B could have been forgiven for thinking they had somehow landed in Singapore. The revitalised terminal was the first sign that the airport's new regime, led by GV Sanjay Reddy, the managing director of the Mumbai International Airport, was beginning to have an impact.
When the private consortium in charge of building and operating Bangalore's airport inquired last year about what was happening with the state government's road construction projects, it got some mixed news.
High-rolling gamblers may soon be cashing in their chips with the great casino in the sky.
Flaws in the Asian agricultural sector risk reducing productivity and fuelling inflation.
Indian employees are estimated to have received an average salary increase of 14 per cent this year. The rate is expected to be maintained with 2008 settlements forecast to average 15 per cent. That compares with an anticipated annual inflation rate of 5.7 per cent this year and 5.4 per cent in 2008.
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