EY will bring in 2,000 new members of staff over three years for its expanding digital solutions offering, according to the Economic Times (ET).
Ram Sarvepalli, partner in emerging markets at leader of the Big Four firm’s advisory services in India, said that big Indian companies are investing in digital and there is “significant capital” for new startups.
The majority of the new hires will be for roles including data analytics, tax technology, blockchain, intelligent automation, artificial intelligence, and new technologies.
It will also involve taking on big automation projects for both the government and the private sector.
“The government is heavily investing in digital from a citizen services perspective. Many of the traditional customer-oriented industries are trying to find models which allow access to customers to tier-two, tier-three towns from a digital perspective,” Sarvepalli said.
He also pointed to the regulatory changes coming into force, such as the Goods and Services Tax, and automation of central and government departments, which provide “a massive opportunity and the need for hiring digital talent”.
The firm is hiring as many as 600 people every six months in analytics across all business and Sarvepalli said that in the last 18 months it has hired 700 new staff for its government business.
But EY is not the only firm in India ramping up its operations, as KPMG announced it will be hiring 9,000 new staff.
The firm is hiring engineers and executives to help deliver on strategies put forward by the firm’s consultancy teams for increasingly expectant clients.
A tenth of KPMG’s new hires are expected to be deployed on projects overseas, to help with the expectations of global clients.
EY and KPMG have been contacted for further comment.