The 8th Pay Commission is expected to be implemented by the end of 2026 or the beginning of 2027.
The government is currently deciding the terms of reference for this, and the commission is yet to be formed.
According to the report, the basic salary of employees can increase by 30 to 34 per cent.
Under the new Pay Commission, the minimum basic salary may increase from Rs 18000 to around Rs 30,000.
The impact of the 8th Pay Commission on GDP can be 0.6 to 0.8 per cent.
With the salary increase, demand may rise in sectors such as the automobile, consumer, and other consumption sectors.
The Eighth Pay Commission was approved in January 2025, but the formal notification has not been issued yet.
In a recent statement in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary confirmed that discussions are going on with all stakeholders. The chairman and members of the commission will be appointed only after the notification is issued.