Consultancy biz likely to touch 22,000 Crore by 2011

Thursday, 30 December 2010, 18:37 Hrs   |    2 Comments
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Consultancy biz likely to touch Rs.22,000 Crore by 2011
New Delhi: India's consultancy business is expected to grow at a rate of over 30 per cent annually to touch Rs 22,000 crore by next year on account increasing demand and opportunities in the sector, Assocham said.

The current market size of the sector stood at 16,500 crore, the chamber said.

Currently, about 7,000 consultancy firms are in operations in major cities like Delhi, Bangalore, Hyderabad, Chennai, Mumbai, Pune and Chandigarh.

"The rising opportunities and growing consultancy spectrum as a result of high demand, consulting industry in India is well poised to grow at CAGR of over 30 per cent to carry forward its size to over Rs 22,000 crore," it said.

The industry body said that Delhi followed by Mumbai, Chennai, Bangalore and Kolkata have emerge as the lead centers for extension of consultancy services.
Source: PTI
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