Page 2 - Deloitte Survey

Manufacturing companies opt for flexible work rules in post-coronavirus era

Deloitte's India Benefits Report 2023 findings reported that one-third of about 80 manufacturing firms have changed their policies to enable hybrid working arrangements post Covid-19

Market size of India's online retail sector likely to touch $325 bn by 2030

The country's online retail market size may touch USD 325 billion by 2030 against USD 70 billion in 2022, mainly due to rapid growth of e-commerce in tier-2 and tier-3 cities, according to a Deloitte India report released on Tuesday. It also said that online retail penetration is projected to grow at an extraordinary rate, and it would outpace offline retail by 2.5 times in the next decade. As India ascends to become the world's third-largest consumer market, Deloitte Touche Tohmatsu India LLP's (Deloitte India's) 'Future of Retail' report "foresees the online retail sector, which stood at USD 70 billion in 2022, to surge to USD 325 billion by 2030". The report attributes these projections to the rapid growth of e-commerce in tier-2 and tier-3 cities, which have surpassed tier-1 markets in terms of total orders. In 2022, these cities accounted for over 60 per cent of all orders, with tier-3 cities experiencing a remarkable 65 per cent growth in order volume and tier-2 cities ...

Mature start-ups need fully functional boards: Auditing major Deloitte

Deloitte has recommended that a mature start-up should forecast CSR spends depending on profitability, and a CSR policy should be made available on the company website

India Inc feels time ripe for next phase of GST reform: Deloitte Survey

A Deloitte survey revealed that Indian industries believe it's time to uncover the next phase of GST reforms to enhance the ease of doing business.

Just 25% consumer, realty firms aware of ESG norms: Deloitte India survey

Deloitte India, in its survey report, has highlighted that despite Sebi implementing sustainability regulations, several mandated disclosures lack clear guidance on responses

60% private insurers register significant rise in fraud: Deloitte survey

About 60 per cent of Indian private insurers believe there has been a significant rise in insurance-related frauds, and as risks lurk there is an immediate need to consider a proactive fraud risk management framework, a Deloitte survey said on Thursday. Insurance companies in India have experienced a rise in fraud instances in life and health insurance, and increased digitisation, remote working post pandemic and weakened controls are key factors contributing to frauds, according to Deloitte's Insurance Fraud Survey 2023. "About 60 per cent of survey respondents believe that there has been a significant rise in fraud, while further 10 per cent experienced a marginal increase," the survey said. The survey, conducted in the second quarter of FY2023, was based on interviews with key C-suite stakeholders/senior management responsible for compliance across leading private insurers in India. Technology-led innovation in the insurance sector has brought agility, speed, superior customer .

Climate change one of key concerns for CXOs: Deloitte sustainability survey

Compared to the global average, Indian CxOs are likely to report feeling more stakeholder pressure to act from board members - 78 per cent, the government 72 per cent and shareholders 71 per cent

Business leaders see ext of PLI scheme to other sectors: Deloitte

A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey said on Friday. An overwhelming number of survey respondents hope the budget will fuel growth across industries by building strong domestic demand and focussing on capital expenditure and believe that it would define the 'Amrit Kaal'. "Critical to this growth will be the pace of capital expenditure, infrastructure development, and the need to boost infrastructure financing through private partnership. 60 per cent of respondents suggested raising funds through Indian Government Bonds," the survey said. The survey aimed to analyse the industry expectations from the upcoming budget, from the standpoint of economic growth, trade agreements and exports. A total of 181 responses were collated from the survey, across 10 industries. More than 70 per cent of respondents agree that various PLI .

Deloitte expands pact with Google Cloud to double down its specialisations

The two firms will help clients across industries innovate and implement Google Cloud technology at scale

Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end

The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells

Digital engineering taking lead in engineering R&D in India: Report

NASSCOM and Deloitte study calls for improving the ease of doing business and addressing concerns about patents

Poor mental health of employees costs Indian firms $14 bn yearly: Survey

Poor mental health amongst employees costs Indian employers around USD 14 billion annually in absenteeism, lower productivity and attrition, according to Deloitte's Mental Health Survey. Over the years, mental health issues have seen a steady rise globally, accentuated further by the onset of COVID-19. According to World Health Organisation (WHO), India accounts for nearly 15 per cent of the global mental health burden. To analyse the current state of mental well-being amongst Indian employees, Deloitte Touche Tohmatsu India LLP (DTTILLP) undertook a survey titled 'Mental health and well-being in the workplace', it said in a statement. The survey dives into the top stressors from an employee's perspective, along with an estimate of the yearly economic cost to Indian companies arising from poor employee mental health. Around 47 per cent of professionals surveyed consider workplace-related stress as the biggest factor affecting their mental health, followed by financial and COVID-19

86% Indians hope to access most govt services online in 5 yrs: Deloitte

Moreover, 67% of respondents expected the quality of government services to be on par with those offered by the private sector

90% of business leaders feel GST made doing business easy: Deloitte survey

The GST regime has also positively affected the prices and costs of goods and services to end consumers, along with helping companies optimise their supply chains, Deloitte GST@5 Survey 2022 found.

84% Indians feel it's safe to return to office: Deloitte survey

One of the key trends emerging from the survey is the gradual return of Indians to their offices

Annual salary increments expected to touch 8.6% in 2022: Deloitte survey

Approximately, 12 per cent employees were promoted in 2021, as compared to 10 per cent in 2020

India remains an attractive destination for investments: Deloitte survey

India remains an attractive destination for foreign direct investments (FDI) on account of healthy prospects of economic growth and its skilled workforce, according to a survey by Deloitte. A large proportion of international business leaders remain confident in India's short- and long-term prospects and are readying plans to make additional and first-time investments in the country, it said on Tuesday. "The survey, which questioned 1,200 business leaders of multinational corporations in the US, UK, Japan and Singapore, found that India remains an attractive destination for investments, scoring highly for its skilled workforce and prospects for economic growth," the survey - India's FDI Opportunity - said. India can target attracting greater FDI into seven capital-intensive sectors - textile and apparel, food processing, electronics, pharmaceuticals, vehicles and parts, chemicals and capital goods - that have contributed USD 181 billion of merchandise exports in 2020-21, it ...

Third of staff may work from home permanently post-Covid: Deloitte report

The survey of more than 2,000 managers and public-sector business leaders worldwide highlights how investments that allow home-working will be increasingly important

Consumers come to grips with 'new normal' as Covid-19 cases rise in country

From groceries to electronics, consumers are more willing to buy online as compared to three months back

Banks need to overhaul anti-money laundering mechanism: Deloitte Report

The survey will be released on August 26