Prime Minister Narendra Modi has set a service exports target of $400 billion for the current fiscal year, about 25% more than the previous year. PwC hired close to 12,500 in the fiscal year ended March and expects to hire the same number this year, said Padmaja Alaganandan, the firm's India chief people officer.Īll of that could provide relief for the labour market amid slowing hiring in the manufacturing and IT sectors due to global growth concerns. In the Middle East and North Africa, where unequal political and economic power is deeply intertwined with conflict, corruption is undermining democratic processes, causing pervasive civil unrest and fuelling violence.Ĭheck out the latest corruption wins, scandals and predictions for each region of the world."Global giants are finding it easier and more competitive to shift work to small locations in India," said Debasish Mishra, chief growth officer, Deloitte South Asia, noting the vast pool of English-speaking accounting, engineering and science graduates.ĭeloitte, with a workforce of over 100,000 in India, says it will hire 50,000 more staff over three years, and expand its footprint in new towns while KPMG plans to hire over 20,000 over the next three years. Similarly, in various Asia Pacific countries, rising authoritarianism dilutes civil society’s function as a watchdog, while many leaders are prioritising economic recovery over anti-corruption efforts. In many parts of the Americas, Eastern Europe and Central Asia, and Sub-Saharan Africa, restrictions and attacks on civic space and basic freedoms continue as multiple crises threaten security and stability, democracy and human rights. On the other end of the index, countries with low scores are also unable to make significant progress. Undue influence over decision-making, poor enforcement of integrity safeguards and threats to the rule of law continue to undermine governments’ effectiveness. While every country faces different corruption challenges, this year’s index reveals ongoing stagnation around the world.Ĭountries in the top-scoring region, Western Europe and the European Union, have been at a standstill for over a decade or have declined over the past five years.
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