8th Pay Commission Salary Revision Delayed; Implementation Expected by Late 2027 or Early 2028

The 8th Pay Commission's salary revision, initially expected from January 2026, faces delays with recommendations still 15 to 18 months away. Following submission, government approval may take an additional 3 to 6 months, pushing implementation to late 2027 or early 2028. ICRA warns that retrospective implementation could cause significant arrears and increased salary expenditure from FY2028, impacting government finances and fiscal space.