According to Kotak Institutional Equities, the 8th Pay Commission is expected to be implemented in late 2026 or early 2027.
However, no information has been shared by the central government regarding the 8th Pay Commission.
According to the report, there can be a 30-34% increase in the basic salary of the employees.
Following the new pay commission, the minimum salary is expected to increase from around Rs 18,000 to approximately Rs 30,000.
This time the fitment factor is estimated to be around 1.8. According to this, the employees will get a salary benefit of about 13%.
According to the report, the impact of the 8th Pay Commission can be seen on the GDP, with a contribution of 0.6-0.8%.