Accenture to hire 8,000 people in India by next year end

"We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010," Accenture Chairman and Chief Executive Officer William D Green told reporters on the sidelines of the India Economic Summit. Indicating a recovery from the global downturn, Green said the company will continue to focus in India, specially in the areas of analytics. Accenture's focus in India is going to be the analytics space, which will help the clients convert information into insights for better yields.

Green added, "We believe that analytics is going to be an important trend that our customers are going to demand from us. We think India is going to be a great place for us. We have some core centres of excellence in the analytics space in the country." Accenture, which has annual revenue of USD 21.58 billion for fiscal 2009, will strengthen its focus on clients in pharmaceutical, telecommunications and energy in the country.

On the economic recovery, Green said people are seeing stability and predictability and the demand for technology services is only going to increase in the coming months. The IT sector was badly hit in the wake of the global economic meltdown last year. "Technology spending is not that drives our business in total. We are going to see technology spending to come back. I don't think it is going to be what it was like two years ago, but it will be fairly robust, " Green said. Accenture is a global management consulting, technology services and outsourcing company. It has 177,000 people serving clients in more than 120 countries.