IT salary: Infosys, Wipro & TCS' average salary hikes are down to single digits

In FY 2023-24, major Indian IT firms like Infosys, TCS, Wipro, HCLTech, and Tech Mahindra reduced salary hikes to 5-9% due to economic pressures. Recruiters highlight higher raises for niche skill sets in AI, ML, cybersecurity, and data analytics, driven by digital transformation. Rising employment costs also impact most IT professionals.