A fifth of Deloitte’s total workforce is now based out of India, with the number of employees of the world’s largest professional services firm crossing 90,000 in the country, said its global chief executive Punit Renjen.
“India is central to Deloitte’s growth strategy,” Renjen told ET in an exclusive interview. “We are in 12 cities currently and looking to expand to tier II-III cities. When I met with Prime Minister Modi last year, I made a commitment to hire 75,000 more additional individuals in India in three years. We are well on our way to meet that target.”
Under Rohtak-born Renjen, Deloitte has rapidly scaled up local market serving practice, as well as its global back offices, and continued to invest in both businesses.
“India will be a tremendous opportunity from an audit and consulting standpoint as it is on its way to become the third-largest economy in the world, with a GDP of more than $5 trillion. Hence, we are building up the capability to serve in India,” said Renjen.
The Deloitte global CEO said, “Also, we are serving our multinational clients from India.”
He said the firm’s global back offices in the country handle high value-added engagements, complex digital-based transformation projects, large cloud migration and enterprise resource planning implementation assignments, including hosting its centres of excellence in India.
India continues to be an attractive bet for firms such as Deloitte, said Renjen, even as the Russia-Ukraine war rages on, Covid-19 cases rise in China and rampant inflation across countries threatens to derail the global economy.
“We just finished a survey of over 2,000 CXOs around India’s attractiveness as an investment destination. The response to India was overwhelmingly positive. Over the long term, the demographics, talent and a large market make India a very compelling proposition,” said Deloitte’s global CEO.
He said the Indian government handled the economy deftly during the pandemic, even though the country was badly hit during the second wave. (www.economictimes.indiatimes.com)
by Daily News Sri Lanka
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