A recent survey has come as a surprise to the rest of the world and a reason to celebrate for the Indians. It has been suggested that wages paid in companies across India are all set to rise at the fastest pace across the entire Asia-Pacific region. Incomes are expected to go up by a tenth over the ongoing year.

With the results of the survey, the speculation that local companies are more confident of growth as compared to their regional counterparts has been reinforced.

"This growth and the fact that 2009 saw a lot of salary freeze and salary cuts, are providing an impetus for healthy increase in compensation for employees", the survey says, results of which have come as a contrast to the situation that was prevalent in the sub-continent over the past year.

So once again it has been proved - the global recession did not hurt India much, at least not as much as it hurt the Western nations, or should we say, all the developed and major economies of the world.

But then, the sub-continent was not all that immune to the financial meltdown, with IT and outsourcing firms bearing the biggest brunt of it all. Pay cuts, job losses and freezes in income were seen in the country as well. Although, India did manage to recuperate faster and better than its Western and more developed peers.

But with everything now behind us, this is definitely the time to rejoice and take home a bigger pay check!