Healthcare, education to see robust growth: Deloitte

Global consulting firm Deloitte today said sectors like healthcare and education are likely to see an unprecedented growth going forward, riding on planned rise in government spendings for the areas.

"In India, sectors like healthcare and education would see an unprecedented growth going forward as government spending will increase in these areas. Financial services sector primarily insurance and pension would also get an impetus, if the envisaged reforms are brought about in the space," Deloitte & Touche Consulting India Managing Director Roopen Roy said here.

Moreover, Deloitte believes that there are signs of economic recovery worldwide but the environment in which firms will operate and compete going forward would be vastly different.

Showing optimism on the improving economic climate globally, Deloitte Touche Tohmatsu CEO Jim Quigley said the economic environment will improve going forward and the merger and acquisition deals would also pick up.

"We expect a larger number of merger and acquisition deals to close in the next 12 months as compared to the past year with companies," Quigley said.

According to Deloitte, firms should grab opportunities being presented by the changing economic climate, as they will help businesses to emerge successfully when the recovery comes.

"I believe crisis is a terrible thing to waste and businesses should use the situation as a stimulus to take aggressive actions forward, for looking at the cost structures and optimising the cash flows and earnings of the firm," Quigley said.

In order to help companies understand their external impacts accelerate growth and enhance profitability, Deloitte will be rolling out a new solutions framework for its clients.

The framework 'Winning in a changing world' would be designed to help businesses understand the impact of nine key issues on business, assess their capability to manage these and plan now for recovery.