The central government has increased dearness allowance (DA) by 3%. The DA has now increased from 55% to 58%. This will benefit 4.8 million government employees and 6.8 million pensioners. This move, just a day before Dussehra, will provide some relief to household budgets.

The increase will be effective from July 1, 2025. This means that arrears for July, August, and September will be paid in October’s salary. Now the question is: how much will the salaries of peons, clerks, and IAS officers increase?

Whose salary increased by how much?

Pensioners will also benefit

The pensions of approximately 6.8 million pensioners will also receive increased DA. This government move is a major relief for employees and pensioners. The salary and pension increases before Diwali will directly benefit them. Whether it’s a peon or an IAS officer, everyone’s pockets will be fuller than before October.

Given?

Dearness Allowance (DA) is provided to government employees and pensioners to maintain a better standard of living as inflation rises in the country. Its rates are determined based on the All India Consumer Price Index (AICPI), which is revised twice a year, i.e., every six months.

Revision is done twice a year

Dearness Allowance and DR pay are considered crucial components of pensions. Since the government revises these allowances twice a year—in January and July—government employees have been eagerly awaiting these revisions since July. The government has finally delivered this gift just days before Diwali.

DA Hike Salary Calculator : 3% DA increased on ₹35,000 salary, know how much salary you will get now

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Understand salary increment in simple language

Salary increment means increase in your annual income. This increase is based on your hard work and performance and is mostly stated in percentage. Many times this increment also plays a big role in your upcoming job change because the new company also pays attention to the previous increase.

How is increment decided?

Increment does not depend only on performance appraisal. Yes, whether you completed your annual target, key performance indicators (KPIs), key responsible areas (KRAs) or not, and how was your rating, these are important factors. But apart from these, many things are also important, such as:

• The state of the industry you are working in (eg. IT, banking, healthcare).
• The financial condition and profit of the company.
• The budget of your department.
• How many years you have been in the job, your qualifications and the specialty of the role.

How to calculate salary increment?
Now comes the real question, how is increment calculated? There are three common ways of doing this.

1. When the new salary is announced

Suppose your old salary was ₹50,000 and now the company has increased it to ₹60,000. The formula is:

(New salary–Old salary)÷ Old salary × 100

= (60,000 – 50,000) ÷ 50,000 × 100 = 20% increment

2. When only increment amount is mentioned

If the company said that you will get a hike of ₹10,000 and your old salary is ₹50,000, then the formula will be:

(Increment amount ÷ old salary) × 100

= 10,000 ÷ 50,000 × 100 = 20% increment

3. When stated in percentage

If the company says you have received a 20% increment and your old salary is ₹50,000, then the formula will be:

(Percentage × old salary) ÷ 100 + old salary

= (20 × 50,000) ÷ 100 + 50,000 = 10,000 + 50,000 = ₹60,000

Important terms related to salary

Gross salary: Your full CTC including all allowances and benefits.
Net salary: The amount received after all deductions (PF, tax etc.).

Take-home salary: Net salary is commonly known as take-home.

It is important for every employee to know the calculation of salary increment. This not only gives you transparency but also helps you take better decisions for your career. Along with performance, the financial condition of the company and the condition of the industry also affect your increment.

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The increased DA will be considered effective from July 1, 2023. These employees had been waiting for the government’s announcement for a long time. Because, many states including the Center had increased the dearness allowance of other employees even before Diwali. Let us understand how much this decision will benefit the employees.

DA will be 230 percent of basic pay

The Department of Public Enterprises of the Finance Ministry had taken the decision to increase dearness allowance on 16 November. According to the order, employees getting salary according to the grade pay of the 6th Pay Commission will be benefited from this. His DA will be 230 percent of the basic pay. Till now he was getting 221 percent dearness allowance. This decision will be applicable to those employees whose salaries were revised with effect from January 1, 2006 under an order issued on October 14, 2008.

how much will be the benefit

Dearness allowance is calculated on the basis of the basic pay of the employee. With this, the salary of an employee with a basic pay of Rs 40 thousand will increase by approximately Rs 7000. Employees receiving pension will also benefit from this decision.

DA of 7th Pay Commission employees was increased by 4 percent

Before Diwali, the central government had announced a 4 percent increase in DA for employees and pensioners. His DA was increased from 42 percent to 46 percent. After this, DA was increased in many states and union territories also. However, the employees taking salary and pension as per the 6th and 5th Pay Commission were still disappointed.

Why does DA increase?

The increase in DA is done to reduce the effect of inflation. The central government revises dearness allowance twice a year in January and July. DA is calculated on the basis of where the employee is posted. In this it is seen whether he is posted in a big city, small town or rural area. On that basis dearness allowance may be more or less.

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This increase has been done for the employees of the Electricity Board. According to the information, a consensus has been reached in the conversation with the employees of the Electricity Board.

Which state government announced the increase

The employees of the Electricity Board have been protesting for the last one month regarding the increase in salary. Meanwhile, the Tamil Nadu government has announced a 6 percent increase in the salaries of these employees. Minister Senthilbalaji said that an agreement has been reached between the employees of the Electricity Board and the government.

Opposition to what demands

At the headquarter of the Electricity Board in Chennai, the employees are protesting against the hike in salary, filling of vacant posts and non-appointment of employees through outsourcing. Till now the government has not been able to agree to all the demands of the employees. There has been talk about this many times between the government and the employees. 18 talks held by 19 trade union representatives with the authorities have failed.

Still haven’t agreed

Even in the 19th round of talks, a complete consensus could not be reached. However, during a conversation with the media, Power Minister Senthilbalaji said that employees and officers who have completed 10 years of service will be given a 3 percent pay hike from December 1, 2019. Along with this, from December 1, 2019, the employees of the Electricity Board will be given the benefit of 6 percent salary hike. This increase will be given in 2 installments.

How many employees will benefit

The benefit of this increase will be given to 75,978 employees and officers. There are 62,548 employees who will get the benefit of 3 percent salary hike. Due to the increase in salary, the government will have to spend Rs 527 crore more annually. He said that this step has been taken after discussion with the trade union representatives.

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Dearness Allowance has been increased in Haryana

Actually, the Haryana Government has announced to increase the Dearness Allowance (DA) of the state government employees drawing salary under the Seventh Pay Commission by four percent. According to the order issued on Thursday by the Finance Department of the Government of Haryana, the DA has been increased from the existing 38 percent to 42 percent on the basic pay. This will be effective from January 1, 2023.

The increased DA will be given with the salary of April

, as per the order, the increased DA will be given with the salary of April and the arrears from January to March, 2023 will be given in May. The Finance Department said in another order that the state government has also increased Dearness Relief by four percent, which is given to pensioners/family pensioners under the Seventh Pay Commission.

It has been said in the order that DR has also been increased from 38 percent to 42 percent of the existing basic pension/family pension. This will also be applicable from January 1, 2023.

Central employees are getting 42 percent DA

Tell that central employees are already getting 42 percent dearness allowance and dearness relief. Dearness allowance is given to the employees for better living in the rising inflation. It is reviewed twice a year according to the inflation data of the Ministry of Labor. Although dearness allowance is reviewed in January and July, but it has been delayed for some time.

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Salary hike proposal got approval from the President

The salary hike proposal was passed in the Delhi Assembly on July 4, 2022, after which it has now got the approval of the President. After the assent of the President, a notification has been issued by the Delhi Government for revision of salary.

Who will get how much salary

After the 66 percent increase in the salary and allowances of the members of the Delhi Legislative Assembly, the MLAs will get a salary of Rs 90,000, before that they used to get Rs 54,000. On the other hand, the Chief Minister, Ministers, Assembly Speaker and Leader of the Opposition will get a total of Rs 1 lakh 70 thousand per month including salary and allowances. Earlier he used to get 72 thousand rupees.

Increase in salary and allowances of MLAs

Delhi MLAs used to get Rs 18,000 constituency allowance every month, which has now increased to Rs 25,000. Conveyance allowance has been increased from Rs 6,000 to Rs 10,000, secretarial allowance from Rs 10,000 to Rs 15,000, telephone allowance from Rs 8,000 to Rs 10,000. After which now the MLAs will get Rs 90,000 per month instead of Rs 54,000.

Increase in salaries and allowances of ministers The salaries of the Chief Minister, Ministers, Assembly Speaker and Leader of the Opposition have been increased by 300 percent. Now he used to get a monthly salary of Rs 20,000, which has been increased to Rs 60,000. Along with this, constituency allowance has been increased from Rs 18,000 to Rs 30,000, hospitality allowance from Rs 4,000 to Rs 10,000, secretariat assistance allowance to Rs 25,000 and daily allowance from existing Rs 1,000 to Rs 1,500. After which now his total salary has gone up to Rs 1 lakh 72 thousand.

Travel allowance has also been increased The annual travel allowance given to MLAs has also been increased. Now the government will reimburse the annual travel of MLAs up to one lakh rupees. Earlier this amount was Rs 50,000. Along with this, one lakh rupees will also be given for buying laptop, printer and mobile in the office.

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Salary: With the increase in salary, people can meet their expenses and now a company is going to give good news to its employees. Airline company Vistara will increase the salary of pilots and crew members from April as part of efforts to increase its capacity to meet the growing travel demand. There will be an eight percent increase in salary from the company. A source gave this information.

Resignation

This source associated with the airline also claimed that about 30 pilots have resigned in the last six months and are currently serving their notice period. Most of these pilots have been offered jobs from the airlines of Gulf countries. However, another airline official posted in a senior position denied the claim of 30 pilots leaving the job. He confirmed the information about increasing the salary of pilots and crew members from April.

He said that the decision to increase the salary

is part of the annual performance appraisal and there is no other reason behind it. He said that some pilots have also withdrawn their decision to quit in view of Vistara airline’s plans to merge with Air India. This highly placed source said, “Vistara has increased the salaries of pilots by eight per cent and crew members by six per cent since April.”

Salary

At the same time, the company has informed about the decision of increment in the internal email sent to its pilot. Vistaar Airline is a joint venture between the Tata Group and Singapore Airlines. At present, about 2,500 pilots and crew are associated with it.

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But in the meantime, big news has come for the contract workers of the government. If you work on a contract yourself or in your family, then this news will make you happy. Yes, the Yogi government of Uttar Pradesh has made a big announcement for the contract workers posted in different departments.

At present, the salary is being received according to the Sixth Pay Commission.
According to the order issued by the Government of Uttar Pradesh, all the employees posted on contract in various departments, whose recruitment has been done after completing all the formalities on the basis of the advertisement issued, they will be given salary under the Seventh Pay Commission.

Pay minimum wage. Till now these contract workers are getting minimum wages according to the Sixth Pay Commission. The number of such contractual employees in the state is 2150. With this decision taken for the benefit of the employees, the state government will have an additional annual burden of Rs 29 crore every year.

A committee was formed, Finance Minister Suresh Kumar Khanna informed about the decision taken in this regard in the state cabinet meeting held on February 14. Giving information, he said that a committee was formed to implement the recommendation of the Seventh Pay Commission.

This committee had recommended giving minimum wages to such contractual employees under the Seventh Pay Commission. Let us tell you that most of these contract workers are working in Health, Irrigation and Public Works Department.

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According to a survey, where there was an average salary increase of 9.2 percent in 2022, but it is expected to increase by 9.8 percent in 2023 and even more talented people can see their salary increase.

According to the latest survey of Korn Ferry, the focus of the companies is that more talented people should not leave the companies and go elsewhere. For this, companies are trying to stop the high performing employees by giving different types of talent management steps and formal retention and higher salary. This survey was conducted in 818 companies, in which it was believed that in 2023, there could be an increase in the average salary of 9.8 percent.

During the Corona period in 2020, the average salary of the employees was increased by only 6.8 percent. According to the survey, an average salary increase of 10.2 percent can be seen in life sciences and healthcare and 10.4 percent in high technology sectors. Apart from this, the average salary increase is expected to be 9.8 per cent in services, 9 per cent in automotive, 9.6 per cent in chemicals, 9.8 per cent in consumer goods and 9 per cent in retail.

Korn Ferry’s Regional Managing Director Navneet Singh said that there is talk of recession and global economic crisis all over the world, but there is a positive thinking about the Indian economy that India’s GDP is estimated to be above 6 percent. He said that 15 to 30 percent salary hike can be seen in the salary of top talent people in companies.

According to the survey, the macroeconomic outlook is positive, but due to the constantly changing customer preferences, digital transformation, increasing participation, new types of pressure are increasing on the business. To stay ahead in this pressure and face the demand, corporates will have to transform the workforce. 60 percent of the companies said in the survey that they have adopted the hybrid model.

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According to the latest survey of Korn Ferry, the increase in the salary of the performers will be much higher for those employees who are performing better. Companies are focusing on retaining critical and key talent through various talent management steps and compensation plans.

The figure was 6.8 percent in 2020.

The survey covered 818 organizations with over 800,000 employees. According to this survey, in 2023, there is an estimate of 9.8 percent increase in salary in India. In the year 2020 affected by the epidemic, the salary increase was much less than 6.8 percent, but the current growth trend reflects a strong and better situation.

Technology expected to grow at over 10 per cent In line with India’s increasing focus on building digital capability, the survey projects growth in the life science and healthcare and high technology sectors at 10.2 per cent and 10.4 per cent, respectively.

Know what is the opinion of the Speaker?

Navneet Singh, Chairman and Regional Managing Director, Korn Ferry, has said that there is talk of recession and economic slowdown all over the world, but in the context of the Indian economy, it is expected to grow at the rate of six per cent of the Gross Domestic Product (GDP). is going. Singh further said that the salary hike for key talent could be as high as 15 per cent to 30 per cent.

How much growth is expected for which sector?

This wage increase for some other sectors – 9.8 percent for the service sector, 9 percent for vehicles, 9.6 percent for chemicals, 9.8 percent for consumer goods and 9 percent for retail. is estimated.

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7th Pay Commission DA Hike: There is great news for government employees. Lakhs of employees have got a big gift on New Year. The state government has increased the DA by 4 percent (DA Hike News). You will get the gift of increased salary from January 1, 2023 itself. The government has announced this hike on the first day of the year.

Let us tell you that the Tamil Nadu government has increased the DA of the employees . State Chief Minister M.K. Stalin has announced to increase DA of government employees including teachers, pensioners and family pensioners. From now on, employees and pensioners will get 4 percent more DA.

You Will Get 38 Percent DA

Let us tell you that this increase has come into force with immediate effect. From now on, those working here will get dearness allowance at the rate of 38 per cent instead of 34.

Giving information to lakhs of employees, Chief Minister Stalin has said that the increase in DA will benefit 16 lakh employees of the state. Along with this, lakhs of pensioners will also get enhanced pension. This decision has been taken by the state government after considering the representation of the employees.

How Much Will it Cost?

Let us tell you that this step of the state government will bring an additional burden of Rs 2,359 crore. Describing the hike in DA as a ‘New Year’s gift’, he appealed to the employees to cooperate in the efforts of the government aimed at the welfare and prosperity of the people.

The central Government Will also increase the DA soon

Let us tell you that the central government is also going to increase the DA of the employees soon. In the month of January itself, the government can announce an increase in the DA of the employees. It is expected that the government can increase the dearness allowance by 4 percent.

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There is important news for central employees. In fact, at present, the recommendations of the 7th Pay Commission for central employees are applicable across the country and the employees are also getting its benefits. But the employees complain that they are getting less salary than what was recommended for them. In such a situation, the central employees are demanding the 8th Pay Commission.

According to the information given by the employee unions, they are preparing a memorandum in this regard, which will be submitted to the government soon. In this memorandum, there will be a demand from the employees to increase the salary as per the recommendations or bring the 8th Pay Commission. However, on the other hand, the government has categorically denied any consideration on the subject of implementing the 8th pay scale in the House. But despite this, the employees are hopeful that the government can discuss it.

How much can be the minimum wage

According to our associate website Zee Business, central employees’ organizations say that at present the minimum wage limit has been kept at Rs 18,000. In this, a lot of prominence has been given to the Fitment Factor in the increment. At present this factor is 2.57 times, although in the 7th Pay Commission it has been recommended to keep it up to 3.68 times. If the government agrees on this, then the minimum salary of the employees will increase from Rs 18 thousand to Rs 26 thousand.

4th Pay Commission how much salary increased

Increment: 27.6%
Minimum Pay Scale: Rs 750

How much salary has been increased by 5th Pay Commission

Increment: 31%
Minimum Pay Scale: Rs 2,550

6th Pay Commission increased salary (Fitment Factor)

Fitment Factor: 1.86 times
Increment: 54%
Minimum Pay Scale: Rs 7,000

7th Pay Commission, how much will the salary increase? (Fitness Factor)

Fitment Factor: 2.57 times
Increment: 14.29%
Minimum Pay Scale: Rs 18,000

8th Pay Commission, how much will the salary increase? (Fitness Factor)

Fitment Factor: 3.68 times Possible
Increment: 44.44%
Minimum Pay Scale: Rs 26000 Possible

Government can also launch a new system

However, the government is also engaged in helping the employees. According to the sources, now after the 7th pay commission, the new pay commission will not come. Instead, the government is going to implement such a system, which will automatically increase the salary of government employees. This can be an ‘automatic pay revision system’, in which there will be automatic revision in salary if DA is more than 50 percent. If this happens, then 68 lakh central government employees and 52 lakh pensioners will get its direct benefit.

Union will submit memorandum to the government

According to an official of the Central Employees Union, the union is going to prepare a note and hand it over to the government soon regarding the demands for salary hike. If the government refuses to accept their demands, then the union will be forced to go on agitation. Along with the employees, the workers before getting pension will also participate in this movement.

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New Delhi. After Uttar Pradesh, Gujarat and Delhi, now the Haryana government has given Diwali gift to the employees and pensioners who are taking salary according to the 7th Pay Commission. Haryana Government has increased the Dearness Allowance (DA Hike) by 4 percent. Now DA has increased from 34 to 38 percent. The increased dearness allowance will be applicable from July 1. In November, along with the salary of October, the arrears of 3 months will also be deposited in the account of employees and pensioners. Let us tell you that the central government had also increased the dearness allowance of its employees by 4 percent.

Additional Chief Secretary Anurag Rastogi has issued an order to increase DA. There are 2.85 lakh employees working in Haryana. Out of these, around 2.70 thousand are getting salary under the 7th Pay Commission. At the same time, there are 2.62 lakh pensioners. With the increase in DA, the financial burden on the government exchequer will increase by more than 65 crores. Due to 4 percent increase in dearness allowance, the salary of the employees will increase from Rs 800 to Rs 3500

UP government increased DA

UP CM Yogi Adityanath has also given gifts to the employees before Diwali. The Uttar Pradesh government on Monday announced to increase the dearness allowance and dearness relief of its employees and pensioners from 34 percent to 38 percent. This new rate will be considered applicable from July 1.

Dearness Allowance has also increased in these states, the Central Government has also increased the dearness allowance of central employees and pensioners. On September 28, ahead of the festive season, the central government had approved a 4 per cent hike in Dearness Allowance (DA) and Dearness Relief (DR) of its employees. This increase has been implemented with effect from the retrospective date of July 1, 2022. The Delhi government has also increased the dearness allowance of the employees by 4 percent. Similarly, Rajasthan, Madhya Pradesh and Uttarakhand governments have also increased dearness allowance.

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New Delhi. SpiceJet has given a bumper gift to its pilots ahead of Diwali. The airline has announced to double the monthly salary of the pilots while making changes in the salary structure. Let us inform that SpiceJet has increased its monthly remuneration by about 55 percent to Rs 7 lakh for 80 hours of flight. The hike in salary will be implemented from November 1. After the latest hike, the salary of a Captain in SpiceJet will be higher as compared to his pre-Covid salary.

The salary of Trainer and Senior First Officer has also been increased “proportionately”. Earlier, SpiceJet employees had claimed that there was a delay in disbursement of salaries of employees including flight crew for the month of July and many were yet to receive Form 16 for the financial year 2021-22 as well.

SpiceJet, which is continuously increasing

the salary, said that it is continuously increasing the basic pay of the pilots. Compared to August, the salary for September was increased by 10 percent for trainers and 8 percent for captains and first officers. There has been a further increase of 22 percent in the salary of Captains and First Officers from October. According to the information, the airline has received the first installment of funds under the loan guarantee scheme from the government, after which it has decided to increase the salary of a class of its pilots.

80 members were sent on leave The airline had sent 80 crew members on leave without pay for the next three months in the month of September. Apart from this, the Directorate General of Civil Aviation (DGCA) has extended the restriction of 50 percent flights on SpiceJet till 29 October. Airline sources had said on September 2 that the airline was likely to receive around Rs 225 crore under the government’s Emergency Credit Facility Guarantee Scheme (ECLGS).

SpiceJet’s head of flight operations Captain Gurcharan Arora said in the information that the airline has got approval for loan under the ECLGS scheme of the central government. Its first installment has been received. However, he did not mention the amount received in the first installment.

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Under this, a Diwali bonus of Rs 22,500 will be given to each employee of BEST and teachers associated with the civic body. Not only this, health workers will also be given one month’s salary as a bonus. There is a wave of happiness among the government employees due to this announcement of the government.

government announced

The CM informed on Thursday, ‘The employees of the civic body, who are facing many difficulties during the Kovid-19 epidemic, are doing a good job. Not only the doctors, but the entire medical staff has played a vital role in keeping the COVID-19 situation in Mumbai under control. After this announcement of CM, all the government employees of the state are very happy.

Chief Minister said big thing

Announcing Diwali bonus, Maharashtra Chief Minister Eknath Shinde said, the problems of the employees will be resolved on priority basis. Everyone should work wholeheartedly for the people of Mumbai. Everyone from the engineers should ensure that they work hard and ensure high quality roads and better infrastructure in the city as per the wishes of the citizens. Teachers and health workers, including 93 thousand employees of Mumbai Municipal Corporation and 29 thousand employees of BEST, will be benefited by this announcement.

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“If this suggestion is accepted by the EPFO’s Central Board of Trustees, it will give relief to employers who are willing or unwilling to immediately bear any additional financial burden,” a senior government official said.

The employers in their advisory cited the burden on their balance sheets due to the outbreak of the pandemic and sought more time to implement the proposed increase.

This will also be a relief for the exchequer as the Center currently pays around Rs 6,750 crore every year towards the Employees’ Pension Scheme of EPFO. The government contributes 1.16 percent of the total basic salary of EPFO ​​subscribers for this scheme.

Under the existing rules, any company with more than 20 employees must be registered with the EPFO ​​and the EPF scheme is mandatory for all employees with an income of Rs 15,000.

Employees in excess of raising the limit to Rs 21,000 will be covered under the retirement plan. This will also align the limit with other social security scheme Employees State Insurance Corporation (ESIC) where the limit is Rs 21,000.

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The fitment factor can be increased from 2.57 percent to 3.68 percent. According to the latest media reports, in the festive season, the central employees can get the gift of fitment factor along with dearness allowance. The fitment factor can be announced along with the DA in the month of September. It is believed that a draft will also be prepared for this, which will be shared with the central government soon. After the discussion in detail in the meeting of the same union and government, it can be decided in September.

There is a possibility that the fitment factor can be increased from 2.57 per cent to 3.68 per cent. If agreed, it can be implemented from September 1, 2022. This will increase the basic salary by 8000, it will increase from 18000 to 26000. Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month. With its implementation, the minimum salary of central employees from Level Matrix 1 will start from Rs 26,000. However, there has been no confirmation from the government yet.

Why fitment factor is important

In the 7th Pay Commission, the salary of central employees is decided by the fitment factor.
The fitment factor is considered to play an important role in deciding the basic salary of central employees.

Due to this factor, the salary of central employees increases by more than two and a half times.

Based on the fitment factor, the revised basic pay is calculated from the old basic pay.
The fitment factor is an important recommendation in the last Pay Commission report, on the basis of which the pay hike will be decided.

how much will the salary increase

At present the fitment factor of central employees is 2.57 times, on this basis the minimum basic salary is Rs 18000 and the maximum basic salary is Rs 56900.

For example, if the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be Rs 18,000 X 2.57 = profit of Rs 46,260.

On being 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. Rs 49,420 will be benefited in the salary.

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The salary budget plan report by Willis Towers Watson, a global advisory, broking and resolution services company, found that companies in India are budgeting for a 10 per cent wage increase during 2022-23. The actual wage increase in the previous year was 9.5 per cent

According to the report, more than half (58 percent) of employers in India have budgeted for higher wage hikes for the current financial year than last year. Of these, a quarter (24.4 percent) did not make any changes to the budget.

The report said that compared to 2021-22, only 5.4 percent have reduced the budget.

According to the report, the highest salary increase in the Asia Pacific (APAC) region will be in India. Next year salaries will increase by six percent in China, four percent in Hong Kong and Singapore.

The report is based on a survey conducted in 168 countries in April and May 2022. Talked to 590 companies in India.

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