Deloitte is looking forward to doubling up its 55,000-strong workforce in India in the span of two to three years as a measure to tap the talent pool that India offers, states Punit Renjen, Deloitte Global chief executive officer at the Hindustan Times Leadership Summit.

The company's expansion of the workforce is expected to boost the services offered to domestic customers as well as to those exported from India. Punit said the decision is in part due to the talent arbitrage that India offers.

Punit states, “We have 55,000 individuals who serve the most prominent clients and government in India and the world from India. We have centers in Hyderabad, Gurgaon, and Pune that serve the world. Our plan over the next two to three years is to double that workforce. It is partly because of the talent arbitrage opportunity.”

Deloitte Global refers to Deloitte Touche Tohmatsu Ltd, its global network of member firms and their related entities through each of them are legally separate and independent entities. However, the company operates in about 150 countries with more than 300,000 professionals.

Furthermore, Punit told that the global business leaders are observing India’s potential as they revise their business strategies to match the new normal resulted from the pandemic. “This is the Indian century. Many are bullish about India,” he said, referring to the talent pool and demographic dividend India has.

Punit states, “Every business and the chief executive officer I speak to are going to reassess and re-engineer their supply chains. It is an opportunity for India. India aspires to be a $5 trillion economy. We are certainly fully on board with that notion. I think it is an opportunity for India to get some of the supply chain to relocate to India.” He adds, “We have 800 offices globally in 150 countries. Will we need 800 offices? Probably not. Will 300,000 people work remotely? No. But we will work in a hybrid way. The pandemic has fundamentally changed the way we work.”

Though 2020 has been a miserable year for the whole world the global community, society, and individuals, the world is adapting to adapt to the new environment. The pandemic has disrupted business but there has been a silver lining — there is a better way to address the issues including climate change.