Deloitte's global CEO William G Parrett has announced the firm's plan to invest $50 million in India over the next 5-6 years.
Parrett said the firm is bullish about the Indian economy, with the gross domestic product expected to grow 7 per cent or more.
He said the policies of the government and the thought processes of the business community has been on the lines of expansion. This shows contemporary thinking, which is why the firm is so bullish on India.
Seventy five per cent of the investment would therefore be primarily deployed in people while the rest has been allocated for the firm's systems and processes.
This expansion includes the recently announced addition of 2500 people to support the local practices and global activities in India.
In addition, Deloitte's member firms (in India) are expecting annual revenue growth of over 20 percent per year for the next four years.