New Delhi: Global consultancy firm PwC has reported a nine per cent growth in revenues from Asia operations, helped by "solid results" particularly from India, China and Japan, during the financial year ended June 2014.
During this period, PwC posted total global gross revenues to the tune of $34 billion. "Growth in revenues from Asia rebounded to 9 per cent in FY 2014 from 2 per cent the previous year. The increase was driven by solid results across the region and particularly from China, India and Japan," PwC said in a statement.
India registered a revenue growth of 24 per cent. Noting that its growth in emerging markets outpaced that in the developed economies, PwC said the former are an increasingly important part of its business.
"They (emerging markets) now make up 20 per cent of our global revenues and are expected to grow substantially over the next five years. We had strong revenue growth in India, up 24 per cent, China, 11 per cent, and Brazil 10 per cent," the statement said.
Deepak Kapoor, who is chairman PwC India network of entities, said it was rapid growth in all of its services. "PwC India is the fastest growing territory in PwC network.
"With the economic rebalancing from the developed to developing world, new technology transforming business models as well as the economic revival in India, we are seeing rapid growth in all our services," Kapoor said.
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