This success is drawing in huge amounts of new investment. Almost every multinational has a presence in India, and the country is set to be a big part of their growth plans. Indian companies too are investing in and acquiring some of the world’s best-known brands as their fortunes expand. The Fortune Global 500 now contains seven Indian corporations — more than Russia or Taiwan.
Private equity investment in India in 2007 eclipsed the amount flowing into China. Venture firms invested 120 percent more in the second quarter of 2008 than in the same period a year before. It’s clear that India is riding a wave of prosperity that currently shows no sign of abating.
India received about US$19.5 billion worth of private equity investment in 2007 compared to US$12.8 billion for China.1
Fact: In the second quarter of 2008, venture firms invested US$238 million in 17 deals in India, a 120 percent jump from the comparable period a year ago and the second-highest quarterly total on record.2
KPMG in India is every bit as much of a success story as the country itself. In just 15 years it has grown from just 40 people to nearly 3,500 across seven offices in 2008.
New areas of our business are growing even faster. For example, the Pune office Advisory practice started from a zero base three years ago and is now the biggest practice in the region. Similarly, Corporate Finance has tripled in size in the last couple of years.
But India’s story isn’t all about economics. It is one of the most culturally rich countries in the world, with a stunning diversity of landscapes — from the intense cacophony of the major cities, to breathtaking mountain regions and beautiful coastlines.
It’s factors like these that make India a seriously appealing destination for ambitious professionals who are up for an adventure.
Whether you’re considering a return to your homeland as an Indian national, or if you’re in search of new challenges in a high growth economy, KPMG in India needs senior professionals with experience in overseas markets to help our firms clients into new territory.
During your time in India you can expect to take on more responsibility and enjoy faster career progression than other countries where you may have worked.
The fluidity and rapid growth of Indian companies means that hires can get a broader experience quickly, and be promoted faster than in many, more mature economies.3
We’d like you to help us write the next part of KPMG India’s success story. So come join us. We look forward to hearing from you.
1. "Private Equity Investors Favor India Over China", businessweek.com, accessed 16-Dec-2008
2. "Venture Money Flows in India and China", businessweek.com, accessed 16-Dec-2008
3. Fortune magazine, Sept-2008