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Decoding the pandora’s box of pay hike in edtech

Pay hikes in 2023 in India are expected to be the highest globally, with real-term hikes (adjusted for inflation) likely to take place. Top increments are expected to be in the range of 15-30%, while the average hikes are expected to be around 9 -12% (according to varying sources). While this is the general average across industries, some industries are expected to perform better than others

Source | economictimes.indiatimes.com | Gaurav Perti

Edtech has been in a rough phase in 2022 due to the “funding winter”. While January’23 seems to be better off than the previous month, we are far lower than the levels in Jan ’22.

Pay hikes in 2023 in India are expected to be the highest globally, with real-term hikes (adjusted for inflation) likely to take place. Top increments are expected to be in the range of 15-30%, while the average hikes are expected to be around 9 -12% (according to varying sources). While this is the general average across industries, some industries are expected to perform better than others.

Getting into 2023, startups are in a tough situation across sectors. Globally, inflation is at soaring levels, leading to interest rate hikes and making the cost of capital higher. Funding has been difficult to come by, while things seem to be getting better and a lot of “dry powder” (money with VCs) is lying around, it will take time for the tide to turn.

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Source
economictimes.indiatimes.com
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