Salary hikes at TCS indicate Indian IT is thriving ...Middle East

Despite the once-in-a-century pandemic, Indian IT is doing so well that the largest firm in the sector has announced not one, but two, salary hikes within six months.On March 19, Mumbai-based Tata Consultancy Services (TCS) said it will give its employees an average increment of between 12-14% to its over 470,000 employees effective April 1. This is double the 6-8% the company normally doles out as increments each year.Besides the higher-than-usual percentage, the announcement means the company has moved back to its usual annual increment cycle, which had been disrupted last year as TCS gave its annual hikes in October 2020. The cycle had been disrupted because TCS, like most businesses acro

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