The world’s major accounting firms are investing in new Indian facilities away from bigger cities as global demand for cheaper back office operations grows and smaller towns move up the economic value chain. Traditionally, large multinational corporations have rushed to India’s biggest metropolises, chiefly Mumbai, Delhi, and Bengaluru, to set up massive operational centers that employ millions, lured by vast, low-cost talent pools, particularly in IT. However, escalating wages, a lack of skilled accounting graduates in developed nations, and visa restrictions have shifted the pendulum toward India’s smaller cities. This is expected to boost India’s service exports by a quarter … Continue reading Global Accounting Giants Expand to India’s Tier-2 Cities