Is PwC India Really Creating 20,000 New Jobs by 2030?

Synopsis
Key Takeaways
- PWC India aims to create 20,000 jobs by 2030.
- The firm is expanding into Tier-II and Tier-III cities.
- Focus on digital transformation and sustainability.
- Investment in technology and upskilling is prioritized.
- Growth strategy includes six key sectors.
New Delhi, Aug 13 (NationPress) The advisory firm PricewaterhouseCoopers India (PwC India) declared on Tuesday its ambitious plan to generate 20,000 new jobs in the country by the year 2030.
PwC India is targeting a threefold increase in revenue within the next five years by venturing into Tier-II and Tier-III cities while emphasizing digital transformation, sustainability, regulatory compliance, cloud solutions, and cybersecurity, as outlined in their official statement.
The firm intends to dedicate 5 percent of its annual revenues to technology, innovation, and capability enhancement, alongside 1 percent for the upskilling of its workforce and partners.
Transitioning from a conventional service provider to a contemporary, delivery-oriented model, PwC India is leveraging sector expertise and cutting-edge technologies such as GenAI.
Sanjeev Krishan, Chairperson of PwC India, stated: "Our focus is on cultivating a workforce that’s prepared for the future, enhancing access to education, promoting women in leadership roles, and fostering inclusive growth pathways that empower our employees from campus to boardroom."
The firm has concentrated its growth initiatives on six key sectors: financial services, healthcare, industrial manufacturing, automotive, technology, and media & telecom, which it believes present the most significant opportunities for transformative impact.
According to PwC, the future prosperity of their clients in these sectors will necessitate bold reinventions in business models, operations, technology, and resource utilization.
"Our Vision 2030 is centered on harnessing India’s growth potential and implementing significant changes in our business strategies. We are expanding into Tier-II and Tier-III cities, deepening our sectoral expertise, and integrating digital and technological capabilities into our core offerings," Krishan added.
A report released by PwC in July indicated that Indian companies could unlock $9.82 trillion in gross value added (GVA) by 2035. The manufacturing and industrial production sectors are set to contribute the most, with projections showing an increase from $945 billion in 2023 to nearly $2.7 trillion in GVA by 2035.
With a presence in all major cities across India, PwC boasts nearly 900 partners and a workforce of 30,000 professionals.