I need at least 20% hike this year..is it possible or not? If yes, how to get started with it? I have a strong reputation and have a good dependency.

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Have one to one call with your manager and ask the same question. He/she will guide you and if you do the same you can always say that i did what you told me.

There is no formula for this and to be true you may get just a single digit hike even if you put heart and soul to your work.

Depends on your cctv, YOE, tech stack, normal salaries in your team/unit.

If you really want a hike switch to some decent product company. You will be surprised to see that they can offer even more than 100% jump.

I myself switched from service company to product some 9 yrs back and got 130% jump. So don't wait for petty hikes...

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