IT salaries rise 12-37% since FY21, linked to business growth

Indian IT firms like Infosys and Wipro have seen median salary growth of around 30% since FY21, reaching approximately Rs 10 lakh. Global companies Cognizant and Accenture experienced increases of 12% and 17.5% respectively. However, growth rates have generally declined across the industry, influenced by factors like competitive intensity and inflation.