- While we hear news of a lot of layoffs, Big 4 firms in India seem to be on a hiring spree.
- In 2023, PwC India committed to add 30k more jobs in the next 5 years and now we have Deloitte announce the same.
Onboarding 50,000 employees in 5 years
In March of this year, Deloitte India announced in a statement that it has successfully recruited nearly 50,000 professionals over the past three years.
Recently Romal Shetty, the CEO of Deloitte South Asia, in an interview with Business Today TV said that he envisions expanding the team by a remarkable 40,000 to 50,000 professionals in the next five years.
Currently, India represents nearly 25% of Deloitte’s global workforce, the expansion underscores India’s increasing significance in the company’s global strategy.
Also read: PwC India’s Growth Strategy: Adding 30,000 Jobs Despite Global Layoffs
Drivers for future growth
Romal Shetty emphasized that Deloitte India is performing well across different business areas, including audit, tax, risk advisory, financial advisory, and consulting, as they continue to acquire new talent.
Drivers for future growth? Shetty emphasized the firm’s focus on AI and cloud technologies as key drivers.
- Artificial Intelligence (AI): AI, identified as a pivotal driver of future growth and transformation, holds potential across various business functions.
- Cloud Technologies: Romal Shetty also drew attention to the trend of companies migrating to the cloud, not only for cost savings but also for fundamental shifts in business models.
Lastly, he emphasized Deloitte’s commitment to addressing cyber risks given the heightened vulnerability of digitized ecosystems.
Closing
“Now a lot of the innovation, a lot of the transformation is happening in India, and that is something that is now being taken over globally as well to be replicated. It was a very exciting time,” Romal Shetty said, in an interview with Business Today TV.
Mr Shetty also applauded the potential of India Stack as a world-class initiative propelling India to the forefront of digital innovation. India Stack is a set of digital infrastructure elements facilitating electronic transactions.
He considers it a potent tool for Deloitte to assist clients in reshaping their business models, both in the private sector and in collaboration with the government.
