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Economy

From India to Indonesia, wages to rise faster alongside inflation

Studies find Asian employers ready to pay more after COVID pain

Commuters in Mumbai: India is likely to see pay increases average 9.2% this year, according to one survey.   © Reuters

SINGAPORE -- Wage growth in Asia is expected to accelerate this year, multiple studies show, alongside a rising tide of inflation and an intensifying fight for talent.

From China and India to Indonesia, Singapore and Thailand, anticipated pay bumps are set to exceed last year's, as economies begin to shake off the COVID-19 downturn. This comes as the war in Ukraine adds to upward pressure on living costs, due to disruptions in global energy and food supplies, after the pandemic already snarled supply chains.

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