KPMG to Hire 20K in India
KPMG to Hire 20K in India Over 3 Years
Source: Economic Times
KPMG, one of the world's leading professional services firms, has announced its plan to expand its workforce in India by 20,000 employees within the next two to three years. This growth will include both KPMG India and its global delivery arm, KPMG Global Services (KGS).
Current Workforce and Growth
As of October 2022, KPMG employed over 40,000 individuals in India. The company has experienced significant growth, with its India business growing over 25% in FY22. This positions India as one of the fastest-growing markets globally for KPMG.
Focus on Non-Audit Services
KPMG's focus on expanding non-audit services like consulting, tax, and transactions has been a key driver of this growth. The firm has also launched innovative initiatives such as the decarbonization hub and the KPMG Innovation Kaleidoscope Centre.
Technology and Future Plans
KPMG plans to leverage technology to develop comprehensive solutions and is exploring mergers and acquisitions in the advisory space. The firm is targeting $1 billion in revenue in India within the next three years.
Optimistic Industry Trends
This expansion aligns with broader industry trends, as a majority of Indian CEOs express plans to increase headcount over the next three years, signaling optimism for growth despite challenges.
Conclusion
KPMG's expansion plan reflects India's significance as a talent hub and critical market. The firm's initiatives in technology integration and advisory services are set to reinforce its position in the competitive Indian market.
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