Delhi: According to an Assocham study based on third
quarter results of FY07 of 160 companies, India Inc's
payout in salaries rose by 40 per cent.
findings show that the wage cost of the firms engaged
in the services sector went up by 60 pc at the end of
third quarter of FY07 compared to the same period last
and entertainment sector topped the list with an increase
of 184 pc followed by real estate (171 per cent) infrastructure
(156 per cent), hotels (107 per cent), IT (57 per cent)
and finance (56 per cent).
president Venugopal Dhoot said the industry was facing
shortage of trained manpower resulting in higher wages.
Rising salaries are also the result of high rate of inflation
which is also affecting the interest rates.