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India: The e-commerce companies and companies of startups are expecting the biggest raises in 2016

On average, Indian companies expect to give employees a raise of around 10.3% this year, compared with an average increase of 11% to 12% until 2012, said Anandorup Ghose, partner at Aon Hewitt India.

“There’s a noticeable plateauing of salaries” in broader industry, said Mr. Ghose, because companies aren’t seeing much revenue growth.

Aon’s study was based on a survey of around 700 companies. Mr. Ghose said half the companies they surveyed said they would give a smaller increment this year than in 2015.

Besides e-commerce firms, other industries in India likely to reward their employees well in 2016 include life sciences, where companies expect to give an 11.6% increase, and media, where salaries are expected to rise by 11.2%.

Financial firms are projected to give the smallest increments, of less than 9%, according to the survey.

India Inc.’s overall expected salary increase of 10.3% places it ahead of other Asian countries, as has been the case for several years.

Chinese companies are likely to give their employees an average increment of 6.9%, while Singapore and Hong Kong-based employees can expect increments of 4.4% and 4.6% respectively in 2016, according to Aon Hewitt.

One reason Indian companies give better percentage bumps is because average salaries are, in general, lower in India.