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Economists hail India`s robust GDP growth projections by global financial institutions Top economists on Wednesday hailed India's GDP projections from global financial institutions like the International Monetary Fund (IMF) and Deloitte, saying the surge in rural consumption was primarily driving the country's GDP growth story.  The International Monetary Fund (IMF) maintained its India growth rate projection at 7 per cent in the current fiscal year. According to Deloitte, India's annual GDP growth was projected to be between 7 and 7.2 per cent in FY 2024-20...
Economists hail India`s robust GDP growth projections by global financial institutions
Economists hail India`s robust GDP growth projections by global financial institutions
Source: IANS
2024-10-23 11:50:55 am
India`s annual GDP growth projected to be between 7-7.2 pc in FY25: Deloitte India’s annual GDP growth is projected to be between 7 and 7.2 per cent in FY 2024-2025, a Deloitte report said on Tuesday, which is in line with the Reserve Bank of India’s (RBI) prediction of the country witnessing real GDP growth at 7.2 per cent for FY25.  Dr. Rumki Majumdar from Deloitte India said that India’s economy is emerging with resilience as the dust settles after a high-stakes elections period. “Its gross domestic product grew 6.7 per cent year ...
India`s annual GDP growth projected to be between 7-7.2 pc in FY25: Deloitte
India`s annual GDP growth projected to be between 7-7.2 pc in FY25: Deloitte
Source: IANS
2024-10-23 10:11:29 am
India`s pharmaceutical sector projected to reach $130 billion by 2030 India is on the cusp of a transformative era in its pharmaceutical sector which is projected to reach $130 billion by 2030, a report showed on Thursday.  The world's third-largest drug producer by volume, India is currently exporting pharmaceutical products to over 200 countries, establishing its influence in the global pharmaceutical arena, according to a Deloitte's whitepaper launched at the Assocham’s annual pharma summit here. The paper highlighted India's pot...
India`s pharmaceutical sector projected to reach $130 billion by 2030
India`s pharmaceutical sector projected to reach $130 billion by 2030
Source: IANS
2024-09-26 04:10:57 pm
GCCs expand in India, revenue growth to be 1-2 pc higher than ISPs As global capability centres (GCCs) continue to expand in India, their revenue growth is estimated to be 1-2 per cent higher than that of IT service providers (ISPs) in the next two-three years, compared to 3 per cent higher in the past few years, a report showed on Monday.  New GCCs are opening at a fast pace and, more importantly, existing GCCs continue to expand, as per HSBC Global Research. “It's tough to generalise but based on our sample set of over 30 GCCs we met t...
GCCs expand in India, revenue growth to be 1-2 pc higher than ISPs
GCCs expand in India, revenue growth to be 1-2 pc higher than ISPs
Source: IANS
2024-09-23 04:33:40 pm
India likely to need 12.5 lakh AI-skilled professionals by 2027 As India aims to become a global leader in artificial intelligence (AI), the talent demand in the country is projected to grow from 6 lakh–6.5 lakh to more than 12.5 lakh by 2027, a report showed on Tuesday.  The AI market in the country is expected to grow at 25–35 per cent (in the 2022-2027 period), potentially signalling a demand-supply gap in the talent pool and a need for upskilling existing talent, according to the report by Deloitte India in collaboration with Nassc...
India likely to need 12.5 lakh AI-skilled professionals by 2027
India likely to need 12.5 lakh AI-skilled professionals by 2027
Source: IANS
2024-08-20 04:52:09 pm
India expected to clock 7.2 pc GDP growth in 2024-25 India's economy is expected to clock a 7 to 7.2 per cent growth rate in 2024-25 supported by a rebounding rural economy, strong manufacturing growth, robust bank balance sheets, and increased exports, according to financial advisory firm Deloitte.  The August update of Deloitte's India Economic Outlook said several initiatives in the Union Budget 2024-25 toward improving agriculture productivity, creating jobs for the youth, and manufacturing would help improve supply-side dem...
India expected to clock 7.2 pc GDP growth in 2024-25
India expected to clock 7.2 pc GDP growth in 2024-25
Source: IANS
2024-08-06 12:13:27 pm
Accounting firm RSM's US arm plans to more than double India headcount in 3 years UK-based accounting firm RSM's U.S. arm is planning to more than double its India workforce to 5,000 over the next three years, a top executive said. "The expansion is driven by the tremendous talent base in India. Compared to the last 10-15 years, the talent now is very superior in the market," Prasad Balakrishnan, India Principal of RSM US LLP, told Reuters. The world's No. 6 accounting firm's U.S. arm employs 2,000 of its 17,000 employees in India, and is creati...
Accounting firm RSM's US arm plans to more than double India headcount in 3 years
Accounting firm RSM's US arm plans to more than double India headcount in 3 years
Source: Reuters
2024-07-03 05:36:41 pm
Global Capability Centres to employ 2 million, generate up to 80bn revenue in next 2 years in India Global Capability Centres (GCCs) in India could employ 2 million people with a revenue of up to $80 billion in the next two years, a report showed on Friday.  The country currently has more than 1,580 GCCs, employing 1.66 million people, as companies navigate the complexities of today's business environment. In the next two years, GCCs could move up to 1,900 centres in India, employing 2 million people with revenue of $60-80 billion, according to the report by Deloitte India be...
Global Capability Centres to employ 2 million, generate up to 80bn revenue in next 2 years in India
Global Capability Centres to employ 2 million, generate up to 80bn revenue in next 2 years in India
Source: IANS
2024-06-29 10:02:12 am