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PwC to Come Up With Employment Opportunities for 30,000 people in India

In keeping with its “planned commitment to the nation ’s development,” PwC stated on Monday that it will further increase its India-based presence. PwC in India plans to increase its talent pool to 80,000 over the following five years, with an existing workforce of over 50,000 individuals in the nation, according to a statement from the auditing and consulting firm.

To advance this goal, PwC India and PwC US have formed a joint venture in India to boost excellence, expand client connections, and accelerate growth. For several years, PwC India has progressively increased the geographic scope of its operations there. PwC India launched three new offices in 2022 alone in Noida, Jaipur, and Bhubaneswar, with an emphasis on recruiting local professionals with top-tier skills.

The company declared its dedication to advancing the nation’s economic growth, maximizing the potential of the home market, and generating additional chances for society at large as a component of its new overall strategy, The New Equation, introduced in 2021.

PwC and Its Strategic Implementation

According to PwC India, it is implementing substantial investment in reaction to the global economic environment’s constant change as well as customers’ and other stakeholders’ developing needs. By buying a company and maintaining investments in sectors like management services, contractual compliance, captive consulting, and product design, for example, companies can increase their in-demand competencies and product offerings.

The change occurs more than 2 weeks after PwC’s 26th Yearly Global CEO Survey revealed a dramatic fall in Indian CEO optimism in their own firm’s future growth, from 83% last year to 60% in 2023. According to the report, 78% of CEOs anticipate a drop in the global economy’s expansion over the next 12 months, whereas 57% of CEOs of India Inc. anticipate the economy of the country to increase over that time. This is the most negative CEOs have ever been about the expansion of the world economy, and it marks a substantial change from the upbeat predictions of 2021 and 2022.

The PwC survey stated in January that while cost reductions are a top focus globally, 85% of Indian CEOs do not aim to reduce personnel and 96% don’t plan to cut remuneration, highlighting their drive to retain talent.

Subhashree Panda

Subhashree Panda: A proficient content writer, editor, and researcher. With 4 years of experience and an MBA in finance, she crafts compelling narratives on global events. Her passion for diverse journalism genres resonates widely, fostering broad audience connections.

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