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Text of Consulting Industry in India - Problems, Solutions, Opportunities
1. Consulting Industry in India Problems Solutions Opportunities
2. Consulting at a Glance
The Indian Consulting Industry has been growing at a much higher pace in the recent years.
The consulting industry has witnessed a considerable increase in the number of new comers in this field exploring all the industries.
The main aim has always been to gain market share in this highly consolidated and competitive environment, primarily by capitalizing on the pertinent factors driving it.
3. To Talk Numbers
APAC Asia Pacific consulting industry generated$33.5 billion as revenues in 2008 and is expected to reach 39.2 billion by 2012.
The consulting industry is growing at a CAGR of 4.1% since 2007
India contributes to 5.4% of the total revenue compared to japan which contributes 67.2%.
Corporate Strategy, Outsourcing Services, Human Resource Management, and Operations Management have been some of the prominent business divisions in the consulting market.
Acquiring the right set of talent
The expertise and right set of manpower can provide meaningful insights with optimum clarity and offer strategic advisory solutions on diverse subjects
Challenges to the firm in matching the clients requirements
The clients needs always being far from what is to offered, it is real problem as the flexible and multitasking expertise is still not available which remains a challenge.
Then what is the problem 6.
Outsourcing to India acts as a challenge as well as driver:
From a consulting firms perspective, though this factor helps expansion and globalization, companies feel that it restrains the company development and growth in the outsourced regions.
These are also some of the challenges that small and emerging consulting firms in India face