Corporate profits nearly quadrupled, but employee salaries didn’t: Economic Survey urges firms to raise compensation

Economic Survey: Despite significant financial growth in recent years, the Indian corporate sector has not proportionally increased job creation or employee compensation, as highlighted in the Economic Survey for 2023-24. Additionally, the compensation gap between CEOs and median employees in leading companies has widened, with many firms reporting a 20-60% increase in this ratio since the pre-pandemic period.

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