Page 2 - Deloitte

Indian retail sector to reach $1.93 trn by 2030: Deloitte-FICCI report

According to the report, the quick commerce segment is projected to reach $35 billion in Gross Merchandise Value (GMV) by 2030

Deloitte projects India's FY26 growth at 6.4-6.7%, flags global risks

Deloitte India on Tuesday projected India's economic growth at 6.4-6.7 per cent in the current fiscal citing robust domestic fundamentals and expanding global opportunities. It, however, said that India must monitor its trade exposure and be prepared for the outcomes of geopolitical uncertainties Strategic trade negotiations, notably with the UK in May and the ongoing talks with the US, and the highly anticipated deal with the European Union by the end of the year, will likely act as powerful multipliers of income, jobs, market access, and domestic demand. India's economic growth was at 6.5 per cent in 2024-25. Deloitte projects 6.4-6.7 per cent growth for FY 202526, driven by resilient domestic demand, easing inflation, and a bold push in domestic policy and global trade diplomacy, it said in a statement. "India's economic trajectory stands out in a turbulent global landscape. Our momentum is driven by a virtuous trifecta, resilient capital markets, a dynamic consumer base and a

Critical thinking vital as society adapts to AI: Deloitte South Asia CEO

Artificial Intelligence, the disruptive tech force reshaping industries and daily life, will create far more opportunities than it eliminates, Deloitte South Asia CEO Romal Shetty said emphasising that critical thinking and ethical oversight must stay central as society adapts to this new era. Weighing in on the ongoing debate over whether or not AI may cause a lowering of human cognitive abilities overtime, Shetty told PTI in an interview that developing independent and critical thinking is crucial when it comes to young minds. That said, at more advanced stages, AI can serve as an extremely helpful and a must-have tool, aiding, not replacing, human ingenuity. His comments assume significance against the backdrop of a new study from researchers at MIT's Media Lab on impact of GenAI on critical thinking abilities. It revealed that although AI tools can improve efficiency, in the study those who relied excessively on GenAI, overtime remembered less. To a question on impact of AI on .

Filing your income tax return? Here are some major mistakes to avoid

Filing errors can result in tax notices, interest and penalty charges, not to mention delays in getting your refund

India's auto firms to give double-digit salary hikes in FY26: Deloitte

Driven by demand for EV, AI and automation roles, the automotive industry is set to give the highest salary hikes in FY26, outpacing most other Indian sectors

ASICS to boost India sportswear production to 40% amid import restrictions

ASICS, which competes with global rivals including Nike, Adidas, and Skechers USA in India, plans to open three new franchise stores per month between now and the end of the year

Big 4 ramping up hiring for tech, biz consulting: Amrop India Study

An Amrop study shows EY and Deloitte ramping up hiring in tech and business consulting practices, with SAP, Oracle and digital roles driving talent and promotion growth

Deloitte launches agentic AI centre with hubs in India, Singapore, Malaysia

The new CoE will bring together 6,000 professionals and back AI projects worth over $1 billion using autonomous technologies like Zora AI

Panel formed to chart roadmap for Big Four-like company in India

A first of its kind meeting to discuss this issue was held on Friday by the Prime Minister's office

Indian digital forensics market to reach $1.39 billion by 2030: Report

India's digital forensics sector to grow at 40 per cent CAGR to $1.39 bn by 2030, driven by regulatory demands, cybercrime surge and digital transformation across industries

Q4 results, SC junks Pahalgam plea, Deloitte predicts India's GDP growth, NEET UGC row & more top

The Supreme Court on Thursday dismissed a plea for a judicial probe into the Pahalgam attack, questioning the petitioners' intent and asking if they sought to ‘demoralise the forces’,

India's GDP to grow between 6.5-6.7% in FY26 on strong demand: Deloitte

Deloitte on Thursday projected economic growth at 6.5-6.7 per cent for the current fiscal, as tax incentives provided in the Budget are expected to push domestic demand amid an uncertain global trade environment. Deloitte estimated India's GDP growth at 6.3-6.5 per cent for FY25 and said that the economic outlook for FY26 hinges on a delicate balance between evolving trade relations and government efforts to boost domestic consumer demand. "Growth this fiscal will be contingent on two opposing forces," said Deloitte's India Economy Outlook. The first factor would be the positive impact of tax incentives aimed at growing consumer spending (as announced in the Union Budget 2025). The second and opposing force would be the potential negative impact of uncertainty in global trade networks on the Indian economy. "The interplay of tax stimulus and trade uncertainties could keep growth between 6.5 per cent and 6.7 per cent for the current fiscal year," it added. The government in the FY2

Deloitte gives clean audit opinion on VerSe Innovation's FY24 financials

VerSe Innovation said Deloitte identified weaknesses in internal controls but confirmed the issues did not affect its opinion on the company's consolidated financial statements

Pentagon axes $5.1 bn 'wasteful' IT deals with Accenture, Deloitte, others

US Defense Secretary Pete Hegseth estimates the Pentagon will save nearly $4 billion from the terminated IT and consulting contracts deemed non-essential

Indian consumers warming up to data-driven mobility solutions: Report

Indian consumers are willing to share personal information with manufacturers or third parties for features such as anti-theft tracking, reflecting rising trust in data-driven solutions, according to the findings of a global study conducted by Deloitte. As per the 2025 Global Automotive Consumer Study, which saw participation of 1,000 people, 88 per cent of the Indian consumers were willing to share personal information with manufacturers or third parties for features such as anti-theft tracking. The percentage is significantly higher than 60 per cent in the US, the survey revealed. This signals a rising trust in data-driven and intelligent mobility solutions, it added. Indian customers are also optimistic about tech, with 82 per cent of the people surveyed viewing AI as beneficial, and they prioritise vehicle-smartphone connectivity, as per the study. In India, 62 per cent of consumers surveyed rank product quality, including safety, as their top priority when choosing their next

India leads in Agentic AI adoption, 80% firms onboard: Deloitte report

India is emerging as a global leader in Agentic AI adoption, with over 80 per cent of businesses actively exploring the development of autonomous agents, a Deloitte report says. Autonomous agents are AI systems that can act independently to achieve specific goals without constant human guidance. Agentic AI refers to the broader concept of using these agents to automate tasks and processes. The growing interest in this technology reflects a significant shift in how Indian organizations are leveraging AI for innovation and efficiency. The findings are part of Deloitte's State of GenAI (Fourth Wave) report, which provides an India-specific perspective on the adoption of Generative AI (GenAI) and Agentic AI. "Over 80 per cent of Indian organisations are actively exploring the development of autonomous agents, indicating a substantial shift towards Agentic AI," the report said. The report also highlighted the increasing focus on multi-agent workflows, where sub-agents collaborate under

Manpower acquisition, retention biggest challenges for R&D GCCs: Expert

GCCs in life sciences and healthcare have grown across India, with Bengaluru, Hyderabad, and Chennai emerging as key hubs

NCLAT dismisses Deloitte Haskins' plea on admissibility of SFIO's report

Appellate tribunal NCLAT has dismissed petitions by Deloitte Haskins and Sells and its two associates, challenging the admissibility of the second interim investigation report by the Serious Fraud Investigation Office (SFIO) on Infrastructure Leasing and Financial Services (IFIN). The petitions also contested the compilation submitted by the government (MCA) to the tribunal. The compilation included documents related to the IFIN investigation report and the amended request regarding the proceedings against them to freeze their assets based on the second interim report by SFIO. A two-member bench of the NCLAT upheld an earlier order issued by the Mumbai Bench of the National Company Law Tribunal. On July 22, 2024, the tribunal ruled that the second interim SFIO report, along with the accompanying documents, could be considered for both interim relief and the final declaration. "We, thus, are of the view that the second SFIO Report as well as the compilation of documents filed by th

Sports-tech market may grow by 85% to Rs 49,500 cr in 4 yrs: FIFS-Deloitte

Sports technology market in India, comprising apps, devices, sensors etc, are expected to grow by 85 per cent to Rs 49,500 crore in the next four years, a joint report by fantasy games body FIFS and Deloitte said on Thursday. The report estimates that India's sports-tech market generated Rs 26,700 crore in revenue in the financial year 2024 and is projected to grow at a compound annual growth rate (CAGR) of 13 per cent by FY'29. "India's sports technology ecosystem is at an inflection point, with the market projected to grow at a 13 per cent CAGR to Rs 49,500 crore by FY'29," Deloitte India, Partner, Prashanth Rao said. He said that the advent of digital technologies are not only providing data for enhanced athlete performance but is also creating immersive fan experiences, leading to increased multi-sport following across demographics and opening newer avenues of business and business-led collaboration "Fantasy Sports continues to be a key driver in this evolution, fostering deepe

Deloitte, MEGA team up to drive digital transformation for Indian biz

Deloitte India and MEGA, a Bizzdesign company, on Thursday announced a strategic alliance geared to help Indian enterprises strengthen their enterprise architecture and drive digital transformation. By combining Deloitte's Advice-Implement-Operate (AIO) capabilities with MEGA's 'HOPEX platform', the collaboration would look to address the complexities of modern IT landscapes, including managing legacy infrastructure, adopting emerging technologies and overcoming silos across organisations. According to a release, the HOPEX platform integrates strategic planning, process optimisation and Governance, Risk and Compliance (GRC) management into a unified framework. This enables organisations to manage their IT environments more effectively, make informed decisions and navigate regulatory requirements better. "The collaboration will deliver scalable, adaptable solutions that streamline processes, enhance collaboration and reduce operational inefficiencies," the release added.