The maximum increase in employee cost, which includes salaries, welfare expenses, contribution to funds, and other employee costs, has been seen majorly in top IT/ITeS companies and banks. These two sectors have added employees even amidst Covid disruptions.
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Highest increase in employee costs
IT/ITeS and banking sectors have added employees even amidst Covid disruptions.
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When Interest Rates Head North…
Pricier overseas borrowing, higher bank loan rates and large issuances triggered the demand for corporate bonds.
Expenditure on Central schemes up 20% in FY24
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
Retail, NBFCs drive credit offtake in FY23
India's gross bank credit off-take rose 15% in FY23 to ₹136.8 lakh crore. The growth was led by sectors such as NBFCs, personal loan and services segments.
The Start-up Boom
The Indian start-up ecosystem is now the third-largest in the world, thanks to the rise of digital technologies and growth in the number of young entrepreneurs.
Infographics
When Interest Rates Head North…
Pricier overseas borrowing, higher bank loan rates and large issuances triggered the demand for corporate bonds.
Expenditure on Central schemes up 20% in FY24
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
Retail, NBFCs drive credit offtake in FY23
India's gross bank credit off-take rose 15% in FY23 to ₹136.8 lakh crore. The growth was led by sectors such as NBFCs, personal loan and services segments.
The Start-up Boom
The Indian start-up ecosystem is now the third-largest in the world, thanks to the rise of digital technologies and growth in the number of young entrepreneurs.
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